Petco and Poshmark Are 2 New IPOs That Begin Trading Today
Two new stocks will begin trading today: pet care leader Petco Health & Wellness (NASDAQ: WOOF) and online used-clothing marketplace Poshmark (NASDAQ: POSH). Both companies priced their offerings above expectations, indicating the IPO boom still has legs.
This is Petco's third trip to the public markets, though it's been 15 years since investors were last able to trade the stock.
The pet supplies retailer operates over 1,500 stores in the U.S., Puerto Rico, and Mexico, offering pet care products, veterinary services, an online store, and online health advice called PetCoach.
Source Fool.com
