Pursuits
Aritzia May Raise Up to C$400 Million in IPO After Upsizing Deal
- Investors plan to sell 25 million in subordinated shares
- Vancouver-based retailer aims to set price for IPO on Sept. 26
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Aritzia Inc., a Canadian women’s fashion retailer, may raise as much as C$400 million ($304 million) in its initial public offering after boosting the amount of shares being offered by 25 percent.
Aritzia owners lifted the number of subordinated shares being sold to 25 million from 20 million, according to Friday sale documents. The shares are being marketed for C$14 to C$16 each, and pricing is set for Sept. 26.