Canada Goose hired investment bankers to lead an initial public offering set for 2017, according to reports. The outerwear company is seeking a valuation of around $2 billion.
Credit Suisse Group AG, Canadian Imperial Bank of Commerce and Goldman Sachs Group Inc. will lead the Toronto-based retailer’s offering, according to Bloomberg.
The move would enable Bain Capital to begin exiting its investment in the company. Bain Capital acquired a majority position in Canada Goose in 2013 for an undisclosed sum. Dani Reiss, CEO and grandson of its founder, Sam Tick, retained a minority position in the company at the time.
According to the Wall Street Journal, the offering may not happen due to stock-market volatility and other factors.
Photo courtesy Canada Goose
