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Canada Goose and Its $900 Coats End Drought of Luxury-Goods IPOs

  • Parka maker seeks to raise as much as $237 million this week
  • Company is expensive vs. peers even using modest forecasts
Bloomberg business news

Canada Goose Seeks to Raise $240M in Luxury Parka IPO

New York couldn’t have provided a better backdrop for Canada Goose Holdings Inc.’s initial public offering this week: A snowstorm and the below-freezing conditions for which the retailer’s luxe parkas are made.

Timing seems to be on the side of Canada Goose, founded 60 years ago in a Toronto warehouse and backed by Bain Capital. The maker of coyote fur-lined parkas has become a recognized brand in fashion and celebrity circles, peer Moncler SpA is trading at record highs, and investors haven’t had a chance to buy into a luxury-goods company in almost three years.