PetIQ Sets Terms For Up To $90.7 Million Initial Public Offering

PetIQ, Inc. , a manufacturer and distributor of pet medications, set a $14 to $16 price range Tuesday to raise up to $90.7 million in its initial public offering. The company plans to sell 5.67 million shares. It recorded a net loss of $3.4 million in 2016 on top of net sales of $200 million. It has applied to list on the Nasdaq Global Market under them symbol "PETQ." Jefferies and William Blair are the lead underwriters on the offering.