Biggest Canadian retail coming-out party since Dollarama Inc. (TSE:DOL) went public in 2009
Things are happening fast for Aritzia Inc. as it prepares to go public later this month. Three weeks ago it filed its preliminary prospectus with Canadian securities regulators, and yesterday it provided some more details for investors as to what they can expect from its IPO–the biggest retail coming-out party since Dollarama Inc. went public in 2009.
Selling 20 million subordinate voting shares to be priced between $14 and $16, Aritzia will trade on the TSX under the symbol “ATZ.” Assuming the over-allotment option of three million shares is exercised by underwriters within 30 days of the company’s IPO, Berkshire Partners, Brian Hill (CEO), and family will receive $327.8 million in net proceeds after underwriting fees are taken into account.
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