Sleep Country Canada Said to Seek C$100 Million in IPO

Sleep Country Canada, the nation’s largest mattress retailer, is looking to return to equity markets through an initial public offering, according to people familiar with the matter.

Sleep Country, a former income trust that was taken over in 2008 by Toronto-based firms Birch Hill Equity Partners Management Inc. and Westerkirk Capital Inc., plans to raise at least C$100 million ($81 million) in a Canadian IPO, said the people who asked not to be identified because the discussions are private.