Petco Files for an IPO

Only months after one of the country’s biggest retailers of dog food and catnip went private, another is planning a return to the public markets. Petco filed on Monday to stage an initial public offering, becoming the latest company owned by private equity firms to pursue a stock listing. Going public will give Petco’s private equity owners, including TPG Capital and Leonard Green & Partners, an avenue to sell their holdings nearly a decade after buying the company.