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PetIQ Raises $100M In IPO

Eagle, Idaho-based PetIQ has raised $100M in its IPO, and started trading this morning on the NASDAQ Globaal Market as PETQ. The company priced at the high end of its initial estimated range of $14.00 to $16.00 per share. PetIQ was trading up nearly 30 percent above its IPO price this morning, around $20.78. PetIQ was backed by backed by Eos Funds, Labore et Honore, Porchlight Entities, True Science Founders, and NBTS Holdings. The IPO was underwritten by Jefferies, William Blair, Oppenheimer & Co, Raymon James and SunTrust Robinson Humphrey. PetIQ is a maker of prescription flea and tick medication.


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