Berkshire-backed Aritzia prices IPO at top of range, to raise $400 mln
Vancouver-based women’s apparel retailer Aritzia Inc has filed a final prospectus with Canadian securities regulatory authorities for a secondary offering of subordinate voting shares. As expected, the shares will be sold by Brian Hill, the company's founder and CEO, and Berkshire Partners, a U.S. private equity firm. Priced at a top range of $16 per share, the offering is expected to generate gross proceeds of $400 million, or higher if an over-allotment option is exercised. The pricing gives Aritzia a market capitalization of $1.87 billion, Reuters reported. Berkshire acquired a majority stake in the company in late 2005.
27 September 2016•5 mins read
