Freshpet Reveals Plans for $135M IPO

Freshpet, a manufacturer of refrigerated pet food, announced plans to raise $135 million by offering 10.4 million shares at a price range of $12 to $14.

The company has cited the steadily rising pet humanization trend in the US, coupled with the awareness of fresh, natural and organic food products amongst consumers. Freshpet is supported by growth equity from MidOcean Partners and an investment co-owned by Charles Norris, chairman and CEO, and Kayne Anderson Capital Advisors.