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Canada Goose Could Be The Biggest Apparel IPO Since Lululemon

Brett Hershman

Canada Goose Inc. known for its trademark $900 Parka with coyote fur-lined hoods, has confidentially for an IPO that is expected to value the company at $2 billion.

The move by the Toronto-based brand marks the first retailer to go public on a U.S. exchange in over a year. Canada Goose plans to sell 10–15 percent of the company to the public, expected to raise $200 million–$300 million.

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The Warmest Jacket You Can Buy

Canada Goose’s burst onto the luxury winter weather scene has seen rapid growth, leading the company to open up a flagship store in Manhattan in November. The jackets are becoming a must own product in extreme cold weather climates. Bain Capital acquired a majority stake in Canada Goose in 2013 when the company was valued at just $250 million.

Apparel or shoe companies going public have been particularly sparse, over the last decade only 12 have gone public in the United States and Canada. The biggest IPO was from another Canadian apparel brand, Lululemon Athletica inc. (NASDAQ: LULU), which raised $377 million in 2007.

The company is expected to launch its IPO in the first quarter of 2017.

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