Canada Goose explodes in IPO, company valuated at $1.88 billionStaff Writer |
Public offer The richest valuation among luxury peers
Canada Goose Holdings’s shares jumped almost 40 percent in initial trading after the company went public with the richest valuation among its luxury peers.
That gives Canada Goose a market value of C$2.5 billion ($1.88 billion) above its IPO valuation of a C$1.82 billion.
Canada Goose raised C$340 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.
The shares started trading Thursday on the Toronto Stock Exchange and New York Stock Exchange under the symbol GOOS. ■
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