follow us:Google+ FacebookLinkedInTwitterRSS Feeds


Pfizer sets IPO for animal health unit


Back to Top Comments Email Print

Latest News


Pfizer Inc. this week said it would sell up to 20 percent of its animal health spinoff in an initial public offering.

The unit, which was renamed Zoetis Inc. in June, is based in Madison.

The company is a wholly owned subsidiary of Pfizer, but documents filed with the Securities and Exchange Commission suggest up to 20 percent of the business will be sold in the IPO. The offering is expected to take place in the first half of next year, though the company did not outline the number of shares or the price range of those shares.

The Zoetis IPO is the latest move in a streamlining of the company since Ian C. Read took over as CEO in 2010. In April, Pfizer announced it would sell its nutrition business to Nestle. The company also looked for buyers for the animal health unit before opting to spin it off.

Zoetis makes a variety of veterinary medicines and vaccines, with about two-thirds of sales coming from livestock products.

On Aug. 14, the New Jersey Economic Development Authority awarded the business entity a $9.2 million Business Employment Incentive program tax incentive to create 225 jobs.

Share This Story On:

Write to the Editorial Department at



Be the first to comment.

Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
     View Comment Policy

Advanced search
Sponsored by
Back to Top