Canada Goose Holdings, which makes and sells trendy, high-end down-filled parkas, announced terms for its IPO on Wednesday.
The Toronto, Canada-based company plans to raise $225 million by offering 20 million shares (64% insider) at a price range of C$14 to $16 per share ($10.50 to $12.00). At the midpoint of the proposed range, Canada Goose Holdings would command a fully diluted market value of $1.3 billion.
Canada Goose Holdings was founded in 1957 and booked $297 million in sales for the 12 months ended December 31, 2016. It plans to list on the NYSE and TSX under the symbol GOOS. CIBC, Credit Suisse, Goldman Sachs, RBC Capital Markets, BofA Merrill Lynch, Morgan Stanley, Barclays, BMO Capital Markets, TD Securities and Wells Fargo Securities are the joint bookrunners on the deal. It is expected to price during the week of March 13, 2017.
