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JAB Weighs Initial Public Offering of Petcare Business

  • U.S. market listing could come later this year, early 2022
  • JAB also seeking value of $4 billion for Krispy Kreme in IPO

Photographer: Benjamin Torode/Moment RF/Getty Images

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JAB is weighing an initial public offering of its pet-care portfolio amid booming demand for animal health-care services, according to people familiar with the matter.

The Luxembourg-based conglomerate is exploring options for the business, which it built through the 2019 acquisitions of Compassion-First Pet Hospitals and National Veterinary Associates, the people said. It could seek a U.S. listing later this year or in early 2022, the people said, asking not to be identified discussing confidential information.