Zoetis (ZTS) opens at $31.50, rising 21% from its $26 initial pricing last night - which had...


Zoetis (ZTS) opens at $31.50, rising 21% from its $26 initial pricing last night - which had already been priced above the expected range of $22 to $25 due to high demand. The animal nutrition spinoff from Pfizer (PFE) raised $2.2B, making it the largest IPO from a U.S. firm since Facebook.

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Comments (3)
  • spute
    , contributor
    Comments (71) | Send Message
     
    ...I have a question. Does it not matter at all that Pfizer's pipeline is clogged w/lawsuits?
    1 Feb 2013, 10:40 AM Reply Like
  • chopchop0
    , contributor
    Comments (5217) | Send Message
     
    clogged? Try JNJ.
    1 Feb 2013, 11:45 AM Reply Like
  • chasrob56
    , contributor
    Comments (65) | Send Message
     
    how do PHE stock holders benefit with this type of spin off ? Sure is not the same as COP spin off of Phillip 66 in which we got stock of the new company.
    1 Feb 2013, 06:16 PM Reply Like
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