Berkshire-backed Aritzia wraps up IPO, raises $400 mln
Canadian women’s fashion retailer Aritzia Inc (TSX: ATZ), a portfolio company of U.S. private equity firm Berkshire Partners, has completed its initial public offering (IPO). Aritzia sold 25 million subordinate voting shares, raising total gross proceeds of $400 million. An additional $60 million may be raised if an over-allotment option granted to underwriters is exercised. The IPO's proceeds will go to selling shareholders, including Berkshire, which acquired Vancouver-based Aritzia in late 2005.
4 October 2016•5 mins read
