Canada Goose launches IPO
It’s official, Canada Goose Holdings Inc. has launched its initial public offering.
The Canadian luxury outerwear brand, specialized in parkas for extreme temperatures at price points of $850 to $1500, applied to list subordinate voting shares on the Toronto Stock Exchange in Canada, as well as on the New York Stock Exchange under ticker "GOOS".
The Toronto-based company plans to offer 20 million shares estimated to be between $14 Canadian dollars and $16 Canadian dollars. The company could raise as much as $320 million.
Canada Goose says it will use net proceeds from the offering to repay a portion of outstanding indebtedness. Canada Goose’s plan to go public was first announced at the end of 2016.
The company, backed by Bain Capital since 2013, is working with Credit Suisse Group AG, Canadian Imperial Bank of Commerce and Goldman Sachs Group Inc. to lead the offering.
Canada Goose Holdings was founded in 1957.
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