The pet food company, Blue Buffalo Pet Products Inc. “has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock.” The offering is not yet effective and the cost and number of shares to be made available are not public knowledge. Blue Buffalo applied to have its common stock listed on NASDAQ Global Select Market under BUFF. CNBC said that Blue Buffalo could raise up to $500 million USD.
The common stock shares will be sold by existing stockholders. Some shares will be sold to individual investors through a platform administered by LOYAL3. Blue Buffalo will offer free shares to 1,600 non-management employees.
No comments:
Post a Comment