Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Aritzia May Raise Up to C$400 Million in IPO After Upsizing Deal

Aritzia owners lifted the number of subordinated shares being sold to 25 million from 20 million, according to Friday sale documents.
Source: Aritzia
By
  • Bloomberg

TORONTO, Canada — Aritzia Inc., a Canadian women's fashion retailer, may raise as much as C$400 million ($304 million) in its initial public offering after boosting the amount of shares being offered by 25 percent.

Aritzia owners lifted the number of subordinated shares being sold to 25 million from 20 million, according to Friday sale documents. The shares are being marketed for C$14 to C$16 each, and pricing is set for September 26.

Aritzia was started in Vancouver in 1984 by Brian Hill, a third-generation retailer and current chief executive officer. Berkshire Partners, a Boston-based private equity firm, bought a majority share in the retailer for an undisclosed sum in 2005. Aritzia, which sells clothes and accessories aimed at women aged 15 to 45, has 75 retail locations across North America, including New York, Toronto, Montreal, Boston, Chicago and San Francisco, according to its regulatory filing.

Canadian Imperial Bank of Commerce, Bank of America Corp.’s Merrill Lynch Canada unit and Toronto-Dominion Bank are leading the sale. Aritzia, will trade on the Toronto Stock Exchange under the ticker symbol ATZ after the transaction closes.

By Doug Alexander; Editors: Peter Eichenbaum, David Scanlan, Jacqueline Thorpe, Steven Frank.

In This Article

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Retail
Analysis and advice from the front lines of the retail transformation.

What a Fashion Company Is Worth Today

In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.


What’s the Plan at H&M?

The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
BoF Professional - How to Turn Data Into Meaningful Customer Connections
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
BoF Professional - How to Turn Data Into Meaningful Customer Connections