NEW YORK (AP) — Drugmaker Pfizer Inc., which is spinning off its animal health business through an initial public offering, intends to sell 86.1 million shares of common stock.
New York-based Pfizer estimates the price for shares of the unit, called Zoetis (zoh-EHT’-ihs) Inc., at $22 to $25. At those prices, the IPO would raise $1.89 billion to $2.15 billion.
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