Canada Goose files for $100m IPO

The Goose People are preparing to flock to Wall Street

Canada Goose, the apparel company known for its winter outerwear, disclosed its plans on Wednesday for an initial public offering.

The Toronto-based company said it plans to raise $100m, a figure that is often used as a placeholder for calculating registration fees.

Canada Goose said in a filing with US securities regulators that list its shares on both the New York and Toronto stock exchanges.

The 60-year old company’s sales rose by 41.6 per cent to CAD$352.7m in the nine months to the end of December 2016 from the same period in the previous year, according to the filing. Net profits were also up to CAD$45.1m from CAD$35.7m.

Canada Goose’s plan to hit the public market comes after Aritizia — a women’s retailer known for its Wilfred and Babaton brands and its individually designed boutiques with a mix of local influences — floated its shares last autumn. Aritizia, also based in Canada, saw its shares shoot at high as CAD$18.95 in October, but have since pulled back to CAD$16.49. The company priced at C$16.

This post has been amended to reflect sales of CAD$352.7m not CAD$352.7bn