Blue Buffalo Becomes Fifth-Largest IPO This Year

Investors scarfed up the initial public offering of Blue Buffalo Pet Products (BUFF), which raised $677 million by offering 33.8 million shares at 20. The profitable provider of all-natural pet food for dogs and cats initially planned to offer 29.5 million shares at a range of 16 to 18. All proceeds will go to current investors. Blue Buffalo priced its upsized IPO late Tuesday and will begin trading Wednesday on the Nasdaq under the ticker BUFF.

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