Pet insurance company Trupanion files for a $75 million IPO

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Trupanion, which provides medical insurance for over cats and dogs in the US, filed on Monday with the SEC to raise up to $75 million in an initial public offering. Primary shareholders include Maveron (34% pre-IPO stake), Highland Capital Partners (16%), CEO Darryl Rawlings (13%) and RenaissanceRe Holdings (13%). The Seattle, WA-based company, which was founded in 2000 and booked $92 million in sales for the 12 months ended March 31, 2014, plans to list on the NYSE under the symbol TRUP. Trupanion initially filed confidentially on March 3, 2014. RBC Capital Markets, Barclays and Stifel are the joint bookrunners on the deal. No pricing terms were disclosed.




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