Credit: Shutterstock photoAritzia, which operates 75 stores in North America selling its trendy designs for women, raised C$400 million ($303 million) by offering 25 million shares at C$16 ($12.10), the high end of the range of C$14 to C$16. The Vancouver, Canada-based company plans to list on the Toronto Stock Exchange. CIBC, BofA Merrill Lynch and TD Securities are the joint bookrunners on the deal which is expected to price on September 26, 2016.
(Exchange rate of $1 USD = C$.76 as of 9/26/2016).
The article Aritzia prices IPO in Canada at C$16, the high end of the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
