Pet health insurance company Trupanion sets IPO terms, plans to raise up to …
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Seattle pet health insurance company Trupanion on Monday set the terms for its upcoming initial public offering, with plans to sell 8.1 million shares at $ 13 to $ 15 per share. At the $ 15 price point, the offering could bring in $ 122 million, including shares available to the company’s IPO underwriters.

It plans to trade on the New York Stock Exchange under the ticker TRUP.

Backed by Seattle-based Maveron, which owns a 33 percent stake, and others, Trupanion would be the second Seattle area company to go public this year, following in the footsteps of biotech Alder Biopharmaceuticals which went public in May.

Trupanion CEO Darryl Rawlings owns 13 percent of the company as of today, with that stake set to drop to 9.3 percent following the IPO.

The 335-person company said that it had 181,634 pets enrolled in the health insurance program as of March 31, 2014. That was up almost 600 percent in the past four years.

The company — which lost $ 4.9 million during the first quarter…………… continues on GeekWire

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