Providing an online marketplace for dog walking, pet boarding, in-home pet sitting, and similar services, Rover Group (NASDAQ: ROVR) just went public a month ago after around a decade in business. By merging with the SPAC , Nebula Caravel Acquisition Corp., Rover's shares commenced trading on the NASDAQ stock exchange on Aug. 2. However, like most newly listed companies, Rover's shares have been volatile.
But despite the volatility, the stock seems to have been positively received by investors, and is now trading 17% higher since going public. Here are three reasons the market may be right to wag its tail enthusiastically at this pet-related newcomer.
For further details see:
3 Reasons Dog-Walking Company Rover Group May Be a Winner