Canada Goose explodes in IPO, company valuated at $1.88 billion
Shares in the Toronto-based retailer, known for its $900 parkas worn by celebrities from Toronto rapper Drake to Blue Jays slugger Jose Bautista, were trading at C$23.70 a piece in Toronto Thursday as of 10:44 a.m.
That gives Canada Goose a market value of C$2.5 billion ($1.88 billion) above its IPO valuation of a C$1.82 billion.
Canada Goose raised C$340 million in its initial public offering, pricing the shares at C$17 a piece, above the marketed range of C$14 to C$16 a share, according to a statement.
The shares started trading Thursday on the Toronto Stock Exchange and New York Stock Exchange under the symbol GOOS. ■