Defunct Petopia.com Withdraws $100M IPO

Share this article:
Petopia.com Inc., a San Francisco retailer of pet supplies whose assets were recently bought by PETCO Animal Supplies Inc., shelved plans on Friday for a $100 million initial public offering.


The online retailer said in a filing to the Securities and Exchange Commission that it had sold most of its assets and was no longer conducting business under its own name. This also voids a Nasdaq listing under the PTOP symbol.


Petopia, which began in July 1999, intended to use the proceeds of the IPO to repay a $2 million debt and for marketing expansion, brand-building pushes and other corporate purposes.


CIBC World Markets, SG Cowen and Wit Soundview were handling the planned IPO.

This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions