San Diego – The ranks of publicly traded retailers are going to have a new member. Petco Holdings Inc. has publicly filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its common stock.
The number of shares to be offered and the price range for the offering have not yet been determined. Media reports surfaced at the beginning of August indicating Petco had selected Goldman Sachs Group to help with an IPO or sale that could value the pet supplies retailer between $4 billion and $5 billion, including debt.
Goldman Sachs & Co. is among the joint lead book runners for the IPO.