Petco Files for Third IPO

SAN DIEGO—The plan to go public nine years after TPG and Leonard Green took the pet products retailer private for the second time comes as household spending in the category continues to increase.

By Paul Bubny | Updated on August 18, 2015

SAN DIEGO—Petco Holdings on Monday filed paperwork with the SEC to once again become a publicly traded company, nine years after being taken private for the second time by a partnership of TPG Capital Partners and Leonard Green & Partners in 2006. The partnership, which first took the pet products retailer private in 2000, would continue to hold majority ownership following an initial public offering.

In its SEC filing, Petco cites “a well positioned store base and flexible real estate staretgy” among its attributes. “We have developed two store formats that enable us to appeal to a broad range of customers in different markets and locations,” according to the filing. As of August 1, the company operated 1,279 Petco stores ranging from 6,000 to 15,000 square feet, and 130 Unleashed stores averaging 5,000 square feet.

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