CVC-owned Petco, with $3.3bn of debt, plans an IPO

CVC-owned Petco, with $3.3bn of debt, plans an IPO

It’s official. Petco is going public again. The San Diego-based company filed 3 December to raise $100m. Petco didn’t disclose how many shares it would offer or their price range. That will come in future filings. The $100m is also a placeholder that will likely...
Bill Ackman’s Pershing Square promoted to UK’s FTSE 100

Bill Ackman’s Pershing Square promoted to UK’s FTSE 100

Bill Ackman’s London-listed investment vehicle will join the UK’s most high-profile stocks index after a year of strong returns fuelled by a well-timed bet that coronavirus would spark sweeping lockdowns and destabilise global markets. Pershing Square Holdings will be...