Canada Goose IPO Coming Soon


Luxury winter jacket maker Canada Goose has filed for initial public offerings on the Toronto and NY stock exchanges under the symbol "GOOS".

Buried deep inside its IPO filing is another delightful detail: Canada Goose wants to get into bedding.

The company set a placeholder offering of $100 million.

The filing specifies that Bain will continue to have a controlling interest even after raising the corpus through IPO. Shares will trade on both the NYSE and Toronto Stock Exchange under the ticker symbol "GOOS".

Canada Goose said it had revenue of $290.8 million and net income of $26.5 million.

The Toronto, Canada-based company was founded in 1957 and booked $302 million in sales for the 12 months ended September 30, 2016. Revenue was up nearly 40% on a year-over-year basis, with net income almost tripling. It has owned a large part of Canada Goose since 2013, when the company was valued at $250 million.

Starting in Toronto, the brand now has a presence in 36 countries across the globe through a wide network of about 2500 wholesalers. "We believe offering inspiring new products that are consistent with our heritage, functionality and quality represents an opportunity to develop a closer relationship with our customers and expand our addressable market". No pricing terms were disclosed.

Goldman Sachs, Credit Suisse, RBC Capital Markets and CIBC Capital Markets are lead underwriters on the deal.