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Canada Goose explodes in IPO, company valuated at $1.88 billion

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Staff Writer |
Canada Goose
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.

Shares in the Toronto-based retailer, known for its $900 parkas worn by celebrities from Toronto rapper Drake to Blue Jays slugger Jose Bautista, were trading at C$23.70 a piece in Toronto Thursday as of 10:44 a.m.

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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