PetIQ, which distributes and manufactures flea and tick, Rx and wellness products for dogs and cats, raised $100 million by offering 6.3 million shares at $16, the high end of the range of $14 to $16. The company originally filed to sell 5.67 million shares. The Eagle, ID-based company generated $215 million in sales in the 12 months ended March 31, 2017, with gross margins of 16%. Walmart and Sam's Club are its top customers.
PetIQ will list on the Nasdaq under the symbol PETQ. Jefferies and William Blair acted as joint bookrunning managers on the deal.
