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FRPT News

How pets get BUFF: Blue Buffalo sets terms for $501 million IPO

BUFF

Blue Buffalo Pet Products, the largest maker of all natural dog and cat food, announced terms for its IPO on Wednesday. The Wilton, CT-based company plans to raise $501 million by offering 29.5 million shares (100% insider) at a price range of $16 to $18. At the midpoint of the proposed range, Blue Buffalo would command a fully diluted market value of $3.3 billion. 5% of...read more

Best in show: Blue Buffalo files for a $500 million IPO

BUFF

Blue Buffalo, the largest maker of all natural dog and cat food, filed on Wednesday with the SEC to raise up to $500 million in an initial public offering. The entire float will be offered by selling shareholders. Blue Buffalo is backed by founding members of the Bishop family and private equity group Invus, which invested in 2006. Higher-quality pet food company Freshpet ...read more

US IPO Weekly Recap: 8 companies go public with strong returns as 5 delay IPOs

This week saw 8 IPOs raise $1.7 billion. While 5 of the 13 were delayed, the rest averaged 18% return, and all but one ended the week positive. Broader markets continue to rally as the Dow and S&P 500 closed at new record highs and the VIX volatility index slid another 6%. Despite these trends, IPO investors remain discerning: in addition to the postponed offerings, this week's...read more

Pet food company Freshpet prices IPO at $15, above the range

Freshpet, which sells fresh pet food via custom fridges installed at over 12,500 retail stores, raised $156 million by offering 10.4 million shares at $15, above the $12-$14 range. The company now commands a fully diluted market cap of $499 million and an enterprise value of $472 million. Freshpet will list on the NASDAQ under the symbol FRPT. Goldman Sachs and Credit Suisse acted...read more