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Pets.com Barks Up IPO Tree
Online pet-supply retailer (www.pets.com) Pets.com says it aims to raise as much as $100 million in an initial public offering. The company plans to use the proceeds for operating losses, working capital, capital expenditures and general corporate expenses, including brand-building. Since opening in February, the company had $619,000 in revenue through Sept. 30, with net losses of nearly $19.4 million. The retailer recently announced plans to...
Posted 01/19/2001Don DavisPost a comment
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