Searchlight’s Roots raises $200 mln from IPO: Reuters
Canadian apparel company Roots Corp raised $200 million in its initial public offering, a source with direct knowledge of the matter told Reuters. The company priced its shares at $12 on the Toronto Stock Exchange, according to the source, down from a previous range of $14 to $16. Roots, known for its trademark beaver logo, is set to make its debut seven months after Canada Goose Holdings Inc had its high-flying IPO. The company has been a portfolio investment of U.S. private equity firm Searchlight Capital Partners since 2015. Searchlight is selling shares as part of the offering.
18 October 2017•1 min read
