Petco shares surge nearly 70% as it returns to public market

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Petco Health and Wellness Co. and Poshmark Inc. signage outside the Nasdaq MarketSite during their initial public offering (IPO) in New York, U.S., on Thursday, Jan. 14, 2021.

Michael Nagle | Bloomberg | Getty Images

Shares of Petco Health and Wellness Company shot up by more than 60% in their debut on Nasdaq on Thursday, reflecting Wall Street’s appetite for investing in the industry during the pandemic-fueled pet boom.

Petco opened at $26, about 44% above its IPO…



Source cnbc.com

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