Premium petfood company Blue Buffalo has hired banks for an initial public offering that could come later in 2014, according to sources.
The company has selected JPMorgan Chase & Co., Morgan Stanley and Citigroup Inc. to lead the IPO. Blue Buffalo is looking to go public amid positive industry trends like rising pet ownership and an increase in spending among pet owners for their animals.
Read more of Dr. Mukund Parthasarathy's insights on the changing petfood retail market and how it affects petfood manufacturers large and small
There's a disconnect between consumers' confidence in petfoods and their knowledge of what makes the foods nutritious
As an industry, are we missing a huge opportunity to take advantage of another aspect of the human-pet bond?
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