On February 15, Canada’s Canadian outdoor brand, Canadian Goose, formally submitted an initial public offering (IPO) application.
According to the company’s prospectus filed with the Securities and Exchange Commission (SEC), Canada Goose plans to list both the New York Stock Exchange and the Toronto Stock Exchange at the same time, issuing shares containing sub-voting rights under the symbol “GOOS” and Made a $ 100 million placement.
Prior to the industry news, Canada Goose plans to sell a total of 10-15% stake. This means that the IPO is expected to raise $ 2-3 million, Canada Goose valuation of $ 2 billion.
Canada Goose was founded in 1957, and in December 2013 the private equity fund Bain Capital acquired a majority stake in Canada Goose, the company’s current CEO, founder Sam Tick grandson Dani Reiss retained a minority stake.
According to Canada Goose’s prospectus, Bain Capital will sell some of its shares while continuing to retain the controlling stake in Canada Goose.