 |
ICR Inc is guiding Wag!, dog-walking app, as it plans to go public via a $350M SPAC deal with CHW Acquisition Corp.
Founded in 2015 to relieve the guilt and stress of leaving a pet unattended, Wag! has more than 350K pet caregivers in 4,600 cities in the US, handling dog walking, pet sitting, training, advice and drop-in visits.
It has generated 11M reviews with 96 percent of them earning five-star ratings. Rebooking rate clocks in at 90 percent. The pet wellness/services market was valued at $44B in 2020.
Wag! CEO Garrett Smallwood said his company is “transforming the fragmented and largely offline pet wellness and services industry through our vertically integrated mobile-first technology platform.”
The company anticipates revenues of $42M for 2022, which would be a 120 percent boost over last year’s performance.
Shares of Wag! Group Co. are expected to to trade on the NASDAQ under the ticker symbol, “PET.”
FGS Global represents private equity firm Thoma Bravo as it makes a $4.6B bid for Darktrace, a UK-based cybersecurity artificial intelligence firm.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Have a comment? Send it to 
No comments have been submitted for this story yet.