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Jan. 14, 2021, 12:25 p.m. EST

Petco shares soar more than 50% as trading begins

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By Tonya Garcia

Petco Health & Wellness Co. Inc. /zigman2/quotes/206455386/composite WOOF -3.84% stock began trading on Thursday and quickly soared 56.4%. The first trade at 12:13 p.m. ET was at $26. Shares priced at $18. Petco launched in 1965 and offers a wide range of pet products and services. The company is going public at a time when consumers are spending more money and effort to care for their pets. The Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -0.46% has soared 112.5% over the last year while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.14% is up 16.3% for the period.

/zigman2/quotes/206455386/composite
US : U.S.: Nasdaq
$ 21.81
-0.87 -3.84%
Volume: 1.74M
Feb. 24, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.85 billion
Rev. per Employee
N/A
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 69.06
-0.32 -0.46%
Volume: 363,171
Feb. 24, 2021 8:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,925.43
+44.06 +1.14%
Volume: 2.78B
Feb. 24, 2021 5:20p
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