Skip to main content
Advertising

Originally published July 17, 2014 at 5:46 PM | Page modified July 18, 2014 at 6:13 PM

  • Share:
             
  • Comments
  • Print

Trupanion’s stock climbs in trading debut

Seattle-based pet insurer Trupanion saw its stock rise 14 percent in its trading debut Friday.


Seattle Times staff

advertising

The stock of Seattle-based pet insurer Trupanion rose 14 percent in its trading debut Friday.

The shares, trading under the ticker TRUP on the New York Stock Exchange, closed up $1.40 at $11.40.

The company sold 7.1 million shares, meaning the IPO raised about $71 million before discounts and other costs. The underwriters have an option to sell an additional 1 million shares if demand is sufficient in the next 30 days.

Run from Ballard and backed by Howard Schultz’s venture capital firm, Maveron, Trupanion says it covered 181,000 pets as of March. Last year it lost $8.2 million on revenues of $83.8 million.



Want unlimited access to seattletimes.com? Subscribe now!

Also in Business & Technology

News where, when and how you want it

Email Icon

Where in the world are Seahawks fans?

Where in the world are Seahawks fans?

Put your marker on The Seattle Times interactive map and share your fan story.

Advertising

Advertising


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►