Canada Goose Holdings Inc. announced the pricing of the public secondary offering of 12.5 million subordinate voting shares to be sold by certain existing shareholders, including Bain Capital and certain members of the company’s management, at a price to the public of U.S.$20.75 per share.
The underwriters have been granted a 30-day option to purchase up to 1,875,000 additional subordinate voting shares from certain of the selling shareholders. The company will not receive any proceeds from the sale of subordinate voting shares associated with this offering or the exercise of the underwriters’ option to purchase additional shares.
The company’s subordinate voting shares are traded on the Toronto Stock Exchange in Canada and the New York Stock Exchange in the United States under the ticker “GOOS”. The public secondary offering is expected to close on July 5, 2017, subject to the satisfaction of customary closing conditions.
CIBC Capital Markets, Credit Suisse, Goldman Sachs & Co. LLC and RBC Capital Markets are serving as joint book-running managers and as representatives of the underwriters for the offering. BofA Merrill Lynch, Morgan Stanley, Barclays, BMO, TD and Wells Fargo Securities are also acting as joint book-running managers and Baird, Canaccord Genuity and Cowen are acting as co-managers for the proposed offering.
Photo courtesy Canada Goose