New York: Pfizer Inc's animal health subsidiary Zoetis raised US$2.2bil in its public offering, becoming the largest IPO from a US company since Facebook.
Madison, New Jersey-based Zoetis, which priced 86.1 million shares at US$26 according to an underwriter, is now valued at around US$13bil. Shares in the company, which sells an array of products for livestock and domestic pets, were expected to price in a range of US$22 to US$25.
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