Share “News Summary: Pfizer animal health unit...”

News Summary: Pfizer animal health unit IPO soars

Published on NewsOK Modified: February 1, 2013 at 4:31 pm •  Published: February 1, 2013

GOOD START: Drugmaker Pfizer's initial public stock offering of its animal health business, Zoetis, raised $2.2 billion, the largest IPO by a U.S. company since Facebook Inc. raised $16 billion last May. Shares jumped 19 percent from their initial $26 price, closing at $31.01.

PFIZER STAKE: For now, Pfizer Inc. retains ownership of at least 80 percent in Zoetis Inc., which has annual sales of $4.2 billion.

GAME PLAN: Zoetis CEO Juan Ramon Alaix plans to keep developing new medicines and vaccines for pets and livestock, creating new versions and combinations of existing products, and expanding in emerging markets.


  1. 1
    Former OSU student convicted of manslaughter in 2009 fatal car crash released on bail; attorney...
  2. 2
    Police find dead body in porta-potty outside Cincinnati Bengals' Paul Brown Stadium
  3. 3
    Several Deer Creek schools on lockdown due to report of suspicious person
  4. 4
    Tulsa mother gets three life sentences, father 25 years in 'horrific' child abuse case
  5. 5
    Man who calls police to say he's 'too high,' found in pile of Doritos
+ show more


× Trending business Article