Aritzia prices IPO at top of range

Aritzia Inc. announced that its Selling Shareholders have agreed to sell 25 million subordinate voting shares at a price of $16 per share, for total gross proceeds of $400-million.

The Vancouver-based retailer announced back in August that it had filed a preliminary prospectus for an initial public offering (IPO). Aritzia will not receive any proceeds from the Offering.

The IPO is expected to close on October 3 where trading will commence on the Toronto Stock Exchange (the "TSX") under the symbol "ATZ".

The underwriters also have the option to purchase up to an additional 3.75 million subordinate voting shares from the Selling Shareholders at the same price.

Aritzia was launched in Vancouver in 1984 and has more than 75 retail locations across North America. They sell a range of women's fashion apparel and accessories for women aged 15 to 45.

Berkshire Partners LLC bought a majority stake in the company for an undisclosed sum in 2005.

Aritzia prices IPO at top of range

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