petco looking to go public again. plans to raise $will hundred million in the ipo and will trade on the nasdaq under the ticker woof, of course this is its third time going public petco last traded in 2006. this couldn't come at a better time because people are spending big bucks on their pet pet care spending is expected to hit a record $99 billion this year, nearly 67% of u.s. households now owning at least one pet. that's the highest level on record and pet owners are expected to spend $38 billion on food and treats alone and it will be a very happy holiday season for our furry friends consumers will spend $9 billion on pet gifts and supplies this year dom, listen, is this the best of -- you would think a brick and mortar store wouldn't be that well-position right now to go public, but what do you think about petco? >> it's one of those situations where many of these types of stores not only have that brick and more tore presence but omni channel distribution as well where you can order online, pick up in store or

. >> i don't like petco, i like to be but i understand what petco is doing.erybody loves their pets and spending a lot of money that's the reason people are picking it, great to see you, have a great weekend. let's look at the markets, they are all up again, were in record territory all over the place and nobody handles a record like liz claman, liz claman are you there? we came a little early to you. liz: especially a 45 record, david knows, he and i go way back. david: we do. liz: those are the little records that we used to play on vinyl. we have cut it, let's try again as we head into the final hour of the trade, the dow, the s&p, nasdaq and the transports are all set for record closes in this hour but we sell nearly this exact scenario 24 hours ago before latebreaking pfizer headlines scared the bull off. but that pfizer report would have to scale back in the distribution has been clarified

petco, why go public now investors want to get paid back?nted to pay down debt to be a while the big story surrounding petco is a lot of people have been adopting pets during the pandemic once you adopt a pet you have to take care of that pet. who is benefiting? the pet retailers. when i heard the rumblings, i thought really, 2020 a retailer when you think about it all of this trend toward having a pet, taking care of a pet, spending money -- all that discretionary income that you are spending on that pet that's gone in to benefit this company they have seen sales rise by 9%. slower grower than the door dashes and airbnbs of the world but for a 55-year-old retailer it is nothing to complain about. >> as you both say it could not be a better moment for door dash think back to the uber ipo and everyone was writing off the idea of a food delivery business now is a better time petco lends itself to better chirons than door dash. >> the would have of wall street then i think we had offuring initial public offuring. i can't credit for that. the ge

woman: usually at petco. don't, like, you guys have the grain merrick?ason. lemonis: so she needs grain. woman: she needs the grain, yeah. lemonis: do we have merrick brand dog food with grain? lisa: we don't. lemonis: this is an example of lisa's self-righteousness getting in the way of them being a profitable business. they need to carry products that meet everybody's needs. if it falls within the brand promise, they need to carry what the customers want, not what they want, and i'm gonna push this thing all the way to the wall. going forward, any product that meets the bentley's food promise should be available. so, like, when somebody says, "i want grain-filled," as opposed to grain-free, you're gonna be a powerhouse. you got to carry everything. giovanni: i think we'll lose a lot of credibility with a lot of the customers on why they trust us. lemonis: let the customer decide what they want. giovanni: and then we have no niche. i'm sorry. lemonis: the niche is products that meet this food promise. giovanni: i'm not gonna agree with it. lemonis: so,

that'll take you to the petco website. we hope you do it.ck here tomorrow morning. sic) hey dad, i'm about to leave. don't forget your hat . good morning. how can i help? i need help connecting with my students. behind every last minute save, ok, that works. and holiday surprise, thank you! a customer service rep is working unseen, making it happen. and at genesys, we're proud to help them help you everyday. watching television that'sis educational and informational the more you know on nbc. dylan: hey there, i'm dylan dreyer, and this is earth odyssey. lava exploding, creating islands from the sea. ocean currents coming together, changing the climate, forcing plants and animals to adapt, and setting the scene for a natural paradise on earth. get ready to plunge in to one of the most beautiful, vibrant, and living places in the world, the galapagos islands. [music]

. >>> the pandemic also responsible for a pet boom great news for petco the company says it wants toraded on the stock market again nasdaq this time under the ticker woof. petco sales hit nearly $4 billion this year, a jump of almost 10% from 2019 the company also expecting a 4% rise in households that own pets like cnbc's kate rogers with some help from her own dog ollie, hi there, kate. >> reporter: hey there, shepard. i do have a dog here ollie who i love very much and spoil a ton i'm not alone. the pandemic really pushing americans to spend even more on their beloved animals which could bode well for the holidays look at these faces. how can you not spoil them americans are projected to spend a record $99 billion in 2020 on everything from food to veterinary care. according to the american pet products association at the height of the pandemic, e-commerce pet sales jumping 70% from february to march those pet parts will also spend big this holiday season. no surprises, so many have adopted and brought pets home during the pandemic. particularly dogs. deloitte data show half of sh

and, you know, here's a business that is thriving, petco is planning to return to the public markets.in 2016, but so many more americans have adopted pets during this pandemic and now they have an sec filing for an upo from petco, expect ceo saying the retail is the only health and wellnesses company for pets. the company operates 1,470 stores. they've not yet disclosed how many shares, only putting it in the standard $100 million placeholder figure, and pet cois come back to the public markets. we'll be right back. i felt like... ...i was just fighting an uphill battle in my career. so when i heard about the applied digital skills courses, i'm thinking i can become more marketable. you don't need to be a computer expert to be great at this. these are skills lots of people can learn. i feel hopeful about the future now. ♪ if you have type 2 diabetes and risks for heart disease, you could land in the hospital with heart failure. for people like you, farxiga does more than lower a1c. farxiga also helps prevent hospitalization for heart failure. do not take if allergic to farxiga. sympto

two houses these days can, and we're going to look at names that could benefit from that trend and petcoential and options trading is the new sports betting it's all

at this stuff just in january the billion dollar companies like qualtrics, online game developers, petco health, the pet health retailer, this is all in january and leslie's point comeback in the economy, if things go south, none of this is going to happen but as of a now i think it's fantastic that we have three outlets, ipo, operating company, spacs and, of course, direct listings which are now able to raise capital, at least on the new york stock exchange. i think it's going to be terrific >> yeah. i'm most impressed by the fact that renaissance don't even get allocations of the ipo before it goes public. wouldn't that be nice. they are just coming in like several trading days later and they are still up double this year, 48% on average it's really something else let's move along and touch about what a touchdown it's been with amazon with the nfl game last week saturday's matchup between the san francisco 49ers and the arizona cardinals, the first to air only on streaming and now the ratings are in guess what the streamed game drew an average audience, apples to apples, of about 4.8 m

and we've seen that with the performance of these names this year with i think that's peat smart or petco back to market now for the third time you make an important distinction is there's a difference between what people say they are going to do on their spending and what they are actually doing what have you found on the latter >> that's right. i mean, i think it's really important to differentiate between what our survey respondents said they plan to spend on and what they have actually seen in the data itself so our bank of america and cred cart data continues to show very high levels in categories like consumer electronics, home decork and these were both categories that our survey had showed people planned to spend less on, so we're not seeing that happening in the actual spending >> that's actually held up relatively well. let's talk about a couple of stocks that you covered, home depot and lowe's find national here relevant specifically on the home buying and home side. >> tell us about that. >> our survey showed once again, and this is third time we've run t.initially rant survey

companies such as robinhood and affirm and coin boyce and petco and roblox are all on the pipeline >>on c3 ai on opening day it went to 100 and now it is 139. how are you turning this one >> traded this as high as 170. at that point it was trading at 100 times sales. making billions of dollars and making all his investors a lot of money here. he made his investors a lot of money. i don't know how he can justify this valuation here at about 65 times forward sales. i mean this is not on the company. the company and the banker and they price the stock much, much lower. this is investors' demand for it just because it is trading does not mean it is going to continue to work here it does mean the company is going to be successful in their mission either i think there needs to be cooling off period for these sorts of names leslie mentioned 2000s this stock ticker is ai. kind of a bit of a rage right now. >> bk, what do you say i am right in there with dan there. we have a joke in my office, give me an investment that's a mobile social, ai and block chain and disruptive of its scale, you got

to consumer, direct to the home, we're also serving now 23,000 retail doors like target, pet smart, petcopartners costco as well as amazon, where there will be over $4 billion spent on dog products next year. and then that's just the u.s we're really, really thrilled where the whole world is obviously an opportunity and we brought in a new ceo 100 days ago today. 100 days joining us from amazon where he was the director of global e-commerce expansion that is the perfect person to take bark globally. >> i feel like part of what is so buzzy about your company, matt, is the actual toys themselves, the home alone chew toys, for instance so good. how do you come up with these and how much is social media helping to drive your success? a lot of them are really instagramab instagramable. trying to create stories and characters from the very beginning and then we put them out there. i think we've got -- this is capital here they're all instagramable and cool you've got -- i just heard the breaking news right before but we've got the dog-nald he grunts like a winner. he doesn't squeak. the most po

the window open at least for now, companies such as robinho robinhood, coinbase, poshmark, affirm, petcoroblex on the docket for 2021 ipos and the slew of spacs i'm told are also in the pipeline, guys? >> yeah, there will be a lot more spacs in terms of pricing i hear it all the time, i'm sure you do as well people considering doing it in part, leslie, because of the economics we talk so often about it, potentially as much as 20% of the spac that then goes to them as a promote if in fact they do a deal that gets approved by shareholders which more likely than not is often the case little downside, bob, for the spac promoters and great deal of potential upside if you hit it back, the likes of a quantumscape quan stum scape's market value at $40 billion is more than ford's and we forget airbnb was a couple of weeks ago, bob, $88 billion market value as we head into next year, what are you looking for in terms of the next airbnb >> well, first off, i think we should pause and reflect on what leslie was saying. if in april you would have said this would be the second biggest year ever for ip