Canada Goose, known for its pricey winter coats, files for an IPO

It filed for a $100 million IPO, but that number is a placeholder and likely to change.

Canada Goose is going after the public markets.

Canada Goose has applied for the listing of its stock on both the New York Stock Exchange and the Toronto Stock Exchange under the symbol "GOOS".

The filing specifies that Bain will continue to have a controlling interest even after raising the corpus through IPO. Proceeds from the IPO will be used to pay down debt and for working capital and general corporate purposes, the filing shows. In 2016, the manufacturer said they brought in almost $291 million in revenue, with more than $100 million of that sum coming from the U.S. Canada Goose initially launched in 2015, and opened its first retail store in NY previous year. Adjusted net income for the period was $30.1 million. "Consumer surveys conducted on our behalf indicate that our customers are looking for additional Canada Goose products, particularly in key categories such as knitwear, fleece, footwear, travel gear and bedding".

Starting in Toronto, the brand now has a presence in 36 countries across the globe through a wide network of about 2500 wholesalers.

In 2013, when Bain acquired a majority stake in Canada Goose, the company was valued at about $250 million, people familiar with the matter have said. No pricing terms were disclosed.

The Canadian bank CIBC Capital Markets scored the lead advisory role, with Credit Suisse, Goldman Sachs, and RBC Capital Markets also on the deal.

Related:

  • Britain's youngest Euromillions victor  wants to sue Lotto for 'ruining her life'

    Britain's youngest Euromillions victor wants to sue Lotto for 'ruining her life'

    A British woman who won the lottery at age 17 is considering legal action against the British lottery for "negligence". Before her lottery win, Park worked as an administrative temp for 8 pounds an hour, according to the Independent .

    Gorsuch confirmation hearing to start March 20

    Grassley announced Thursday that the confirmation hearings for Supreme Court nominee Judge Neil Gorsuch will begin March 20. Both Grassley and Senate Majority Leader Mitch McConnell, R-Ky., have said they hope to confirm Gorsuch in April.

    Chance the Rapper Talks 'Secret' DJ Khaled Project on Grammy Red Carpet

    Fresh off winning his first three Grammy Awards, Chance the Rapper is coming to MI . Less than 24 hours later, he's got another massive W-this one coming from Spotify.
  • Trump Might Hire Jewish Investor To Review Spy Agencies

    The Trump White House has been embroiled in an intelligence controversy since Gen. There's also no word on what possible actions the investigations could lead to.

    After Puzder Withdraws Amid Abuse Allegations, Trump Picks New Labor Secretary

    During one of his confirmation hearings, Puzder confirmed that he and his wife had employed an undocumented housekeeper for years. Many Democrats opposed Puzder's nomination over concerns about his views on overtime and his stance on the minimum wage.

    Officer uses vehicle to push burning truck out of drive-through

    Glenn Heights police said that no injuries were reported. "When I got there, the flames were reaching the roof", Womack said. A Glenn Heights police officer jumped into action when he saw a truck on fire at a Jack in the Box restaurant.
  • Inflation hits 30-month high to move closer to target

    However, fuel group inflation accelerated 18.14% in January from 8.65% a month ago, due to rising petrol and diesel prices. The consumer price index rose 1.9 percent year-over-year in January, following a 1.7 percent climb in December.
    Will Trump's affinity for Israel translate into new policy?

    Will Trump's affinity for Israel translate into new policy?

    He said that also under Trump's leadership, together the US and Israel "can reverse the rising tide of radical Islam". I think that you're going to see a lot different United States of America over the next three, four, or eight years.

    Factual leaks infuriate a president who tweets nonsense

    The investigations predate the dismissal of retired Lieutenant General Michael Flynn as national security adviser on Monday. Flynn, 58, had come under intense scrutiny Monday night for conversations he had with Russian ambassador Sergey I.
  • $4 million Lamborghinis recalled due to fire risk

    The Aventador and the Veneno have just been recalled due to a risk of fire, which any Miura owner will tell you is classic Lambo. All affected vehicles were produced between March 22, 2011 and December 5, 2016.

    BMW M4 CS, next-gen Ford Focus, Mitsubishi Eclipse Cross

    "Eclipse is a word used to describe an astronomical event", the Japanese automaker continued. It is also expected to rival Nissan's own compact crossover, the Qashqai.

    Berkshire Hathaway Inc.'s (BRK-B) closing price of $167.28

    Buffett's conglomerate nearly quadrupled its stake in Apple and increased holdings sevenfold in the four biggest U.S. airlines . Such increases often occur when investors perceive that Berkshire has given a company its imprimatur.

Comments