Pursuits
Canada Goose Set for Debut With Richest Luxury Valuation
- High-end coatmaker to trade Thursday in New York and Toronto
- Bain Capital will keep controlling interest after IPO
Canada Goose Seeks to Raise $240M in Luxury Parka IPO
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Canada Goose Holdings Inc., the maker of $900 parkas worn by celebrities from Toronto rapper Drake to Blue Jays slugger Jose Bautista, is going public with a richer valuation than any other luxury retailer in the world.
The Toronto-based retailer raised C$340 million ($256 million) in its initial public offering, pricing the shares at C$17 a piece, above the marketed range of C$14 to C$16 a share, according to a statement Wednesday. At the IPO price, the company has a market value of about C$1.82 billion.