Monday, July 7, 2014

Trupanion Sets IPO Range

Seattle-based pet insurance provider Trupanion has set the company's estimated IPO range this morning, saying that it expects its IPO to price at between $13.00 and $15.00 per share. At the high end of the range, the offering would net the company $122.9M. Trupanion is looking to list on the New York Stock Exchange as TRUP. Companies typically set an estimated IPO range as they go into their road show and seek investors for their public offerings. Trupanion is venture backed by Maveron, Highland Consumer Fund, RenaissanceRe Ventures, and others.