Trupanion prices $71.25 million initial public offering of stock

RBC Capital, Barclays, Stifel are joint bookrunning managers

By Angela McDaniels

Tacoma, Wash., July 17 – Trupanion, Inc. sold 7,125,000 shares of common stock in its initial public offering for a total of $71.25 million. There is a $10.69 million greenshoe.

The price per share is $10.

RBC Capital Markets, LLC, Barclays and Stifel, Nicolaus & Co., Inc. are the joint bookrunning managers. Canaccord Genuity Inc. and Cowen and Co., LLC are the co-managers.

Proceeds will be used to repay debt, for working capital and for other general corporate purposes.

The company expects its common stock to begin trading on the New York Stock Exchange on Friday under the ticker symbol “TRUP.”

The Seattle company provides a medical insurance plan for cats and dogs.

Issuer:	Trupanion, Inc.
Issue:	Common stock
Amount:	$71.25 million, or 7,125,000 shares
Greenshoe:	$10,687,500, or 1,068,750 shares
Price:	$10.00
Warrants:	No
Bookrunners:	RBC Capital Markets, LLC, Barclays and Stifel, Nicolaus & Co., Inc.
Co-managers:	Canaccord Genuity Inc. and Cowen and Co., LLC
Pricing date:	July 17
Expected listing:	NYSE: TRUP

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