Canada Goose Holdings Inc. announced that it has commenced a proposed public secondary offering of 12.5 million subordinate voting shares.
All of such shares will be offered and sold, subject to market conditions, by certain shareholders of the company, including Bain Capital and certain members of the company’s management. In addition, certain selling shareholders are expected to grant the underwriters a 30 day option to purchase up to an additional 1.88 million subordinate voting shares at the public offering price, less the underwriters’ discounts and commissions.
The company will not receive any proceeds from the sale of subordinate voting shares associated with this offering or the exercise of the over-allotment option.
Photo courtesy Canada Goose
