Baird served as co-manager on this offering
AboutFreshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ: FRPT) recently completed a follow-on offering of 3,999,999 shares of its common stock, including overallotment, at a price of $66.00 per share, generating gross proceeds of $263,999,934. The Company intends to use the net proceeds from the offering to fund the continued development of Freshpet Kitchens 2.0, Kitchens South and Kitchens 3.0. The offering is subject to market and other conditions.
Freshpet, Inc. is a rapidly growing branded pet food business with an original refrigeration concept that offers high-quality, fresh, all-natural pet food. The Company is disrupting the over $30.0 billion North American pet food industry by driving consumers to reassess conventional dog and cat food offerings that have remained essentially unchanged for decades. The Company’s products represent a significant innovation in pet food, and it has developed a brand proposition that pet parents can intuitively trust. Freshpet’s products appeal to a broad demographic across multiple classes of retail, including grocery (including online), mass, club, pet specialty and natural. Freshpet is located in Secaucus, New Jersey.
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- February 2020
- Freshpet, Inc.
- Target Location
- North America