Petco Announces Closing of Initial Public Offering

Petco today announced the closing of its initial public offering of 55,200,000 shares of Class A common stock, including the full exercise by the underwriters of their option to purchase 7,200,000 additional shares of Class A common stock, at a price to the public of $18 per share. The Class A common stock is listed for trading on the Nasdaq Global Select Market under the ticker symbol “WOOF.” Petco received net proceeds from the offering of approximately $939 million, after deducting underwriting discounts and commissions.

Goldman Sachs & Co. LLC and BofA Securities acted as joint lead book runners for the offering. Citigroup, Evercore ISI, Credit Suisse, UBS Investment Bank and Wells Fargo Securities acted as joint book runners and Baird, Guggenheim Securities, AmeriVet Securities, C.L. King & Associates, R. Seelaus & Co., LLC, Ramirez & Co., Inc. and Siebert Williams Shank acted as co-managers for the offering.

A registration statement relating to the shares being sold in this offering was declared effective by the US Securities and Exchange Commission on Jan. 13, 2021. The offering was made only by means of a prospectus, copies of which may be obtained from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, by email at prospectus-ny@ny.email.gs.com, or by telephone at (866) 471-2526; or BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, attention: Prospectus Department, or via email: dg.prospectus_requests@bofa.com.