Merchandising

Petco may be heading to sale block or IPO

Photo by istock.com

September 11, 2020

Petco may soon be sold by CVC Capital Partners and the Canada Pension Plan Investment Board and it could bring a tidy sum given a value point of $6 billion.

The companies, according to a Bloomberg News report in the New York Post, are reportedly also considering an IPO move in lieu of a sale. The IPO would not arrive until the new year, according to the news report.