Canada Goose to go public on stock markets in Toronto and New York - Macleans.ca
 

Canada Goose to go public on stock markets in Toronto and New York

The Toronto-based company, with ubiquitous its $900 parkas with fur-lined hoods, is debuting with an initial public offering of 20 million shares


 
AppleMark

AppleMark

Canada Goose, whose winter jackets have been made famous by the likes of Daniel Craig and Kate Upton, is going public Thursday on stock markets in Toronto and New York.

The Toronto-based company, with ubiquitous its $900 parkas with fur-lined hoods, is debuting with an initial public offering of 20 million shares.

Canada Goose has faced controversy, having been targeted by People for the Ethical Treatment of Animals (PETA) for its use of coyote fur in its jackets.

The animal-rights group said it plans on buying around $4,000 worth of shares so it can speak at the company’s annual meetings and urge it to stop using coyote fur in its jackets. That is a tactic the group has used in the past with other companies such as Lululemon, Hermes, Louis Vuitton and Prada.

PETA and Direct Action Everywhere are planning to protest outside the Toronto Stock Exchange at 9 a.m.

The company will trade in Toronto and New York under the symbol GOOS. According to securities filings earlier this month, Canada Goose anticipates the shares will be priced between $14 to $16.

The outerwear manufacturer said that of the 20 million subordinate voting shares offered, 12.85 million shares will come from existing shareholders.

The existing shareholders will hold 79 to 81 per cent of the company after the sale, depending on whether underwriters exercise an over-allotment option.

Founded 60 years ago in Toronto, Canada Goose has built a reputation for making among the warmest coats people can buy. They have been worn by both trekkers in Antarctica and fashionistas.

The company operates two retail stores in Toronto and New York and its products can be found in 36 countries worldwide. Investment firm Bain Capital owns 70 per cent of Canada Goose, which it acquired in December 2013.


 
Filed under:

Canada Goose to go public on stock markets in Toronto and New York

  1. Are these the coats that are being given to all new refugees as they enter into the cold winter months here in Canada.. If so where can a disabled Canadian get these same coats courteously from the same distributors who distribute to the Poor refugees, so they too can stay warm and felt loved…..