Fast-food chain Freshii seeks $125.3 mln from IPO, secondary sale
Freshii Inc has filed a final prospectus with Canadian regulatory authorities for an initial public offering and secondary offering of 10.9 million Class A subordinate voting shares. The Toronto company priced the offerings at $11.50 per share for total gross proceeds of $125.35 million. An additional $18.8 million may be raised via an over-allotment option granted to underwriters. Founded in 2005 by CEO Matthew Corrin, Freshii operates a healthy fast-food restaurant chain that today includes more than 244 stores located in 15 countries. It is backed by Canadian growth equity firm Klass Capital.
25 January 2017•3 mins read
