Pet insurer Trupanion rises 15 pct in debut

July 18 Fri Jul 18, 2014 9:39am EDT

July 18 (Reuters) - Shares of Trupanion Inc rose as much as 15 percent in their market debut, valuing the pet insurer at $304 million, as investors bet on growing demand among pet owners to insure their cats and dogs.

The company raised about $71 million after pricing its initial public offering of 7.13 million shares at $10 per share, below the expected range of $13 and $15 per share. (Reporting by Tanya Agrawal; Editing by Sriraj Kalluvila)

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