In June 2015, the pet food company Blue Buffalo Pet Products Inc. filed to publicly offer their common stock. This action was approved and share prices increased by 35% on the first day of trading. It was estimated that the company could raise $500 million USD, however, it has already raised $677 million USD.
29.5 million shares were initially offered at $16-18 USD but prices closed at $27.20 per share with 33.8 million shares sold. With share prices increasing the company is currently valued at $5.3 billion USD.
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