Parka maker Canada Goose's shares soar in market debut: Reuters
Canada Goose Holdings shares surged 40 percent in their trading debut on Thursday after the high-end parka manufacturer raised $340 million in an initial public offering, Reuters reported. The maker of $900 parkas priced the offer above the marketing range on Wednesday, underscoring strong investor appetite for a brand that celebrities have made popular. Founded in a small Toronto warehouse 60 years ago, Canada Goose was acquired by U.S. private equity firm Bain Capital in 2013. The IPO valued the company at about $1.8 billion.
16 March 2017•3 mins read
