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


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…


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