Canada Goose is going after the public markets.
Canada Goose has applied for listing on the New York Stock Exchange and the Toronto Stock Exchange.
The filing specifies that Bain will continue to have a controlling interest even after raising the corpus through IPO.
With the $100 million that it will raise through IPO, this company that's operational since 1957 plans to pay down its debt, and use it as a working capital to boost its growth plans.
Official documents submitted to the U.S. Securities & Exchange Commission reveal some pretty fascinating details about the purveyor of luxury puffer coats, like the fact that it made a whopping $290.8 million in revenue in fiscal 2016, or that it's pulled executives from Marc Jacobs, Nike, and Red Bull. Adjusted net income for the period was $30.1 million. It has owned a large part of Canada Goose since 2013, when the company was valued at $250 million. When any business expands to new areas, there is always an associated risk from existing players of the market. The brand was sold in 36 different countries through about 2,500 wholesalers at the end of December, the prospectus shows.
The company, who is part-owned by private equity firm Bain Capital, has said it wants to pay off some of its debt and expand further into the United States and overseas. No pricing terms were disclosed.
Canadian Imperial Bank of Commerce, Credit Suisse, Goldman Sachs and RBC Capital Markets will organise the share sale, according to the filing.