Aritzia Hopes To Raise 300 Million Canadian Dollars In Its IPO.

Canadian women

Retailer

We hope to raise 300 million Canadian dollars (about 1 billion 550 million yuan) in its initial public offering (IPO).

Aritzia's shareholder Berkshire Partners and company founder Brian Hill plans to sell 20 million sub voting shares at a price of 14 (about 72.3 yuan) to 16 (about 82.7 yuan), based on the price range. The total financing is about 280 million to 320 million Canadian dollars, excluding bank arrangements for the sale of an additional 15% of the paction.

It is reported that Aritzia's shares will be traded on the Toronto stock exchange.

It is learned that Aritzia was established by Hill in Vancouver in 1984, and its target consumer groups are mainly 15-45 year old women, mainly in clothing and accessories.

At present, Aritzia has 75 sales outlets in North America's New York, Toronto, Montreal, Boston, Chicago and San Francisco.

It is understood that the Boston based private equity firms Berkshire Partners and Brian Hill will jointly hold 78.5% of the issued shares and will have about 97.4% of the voting rights after the sale.

The paction was led by Royal Canadian Commercial Bank, Canadian Merrill Lynch and Toronto Dominion Bank.

In addition, Berkshire Partners bought a majority stake in Aritzia in 2005, but the amount was unknown.

Aritzia official website screenshots

It is reported that Aritzia also has an online platform for Aritzia.

There are Babaton, Auxiliary, Mackage, JBrand, Levi 's, Puma, Adidas, Ray-Ban, etc.

In addition, magazines are sold in Aritzia stores (Nylon, Pockawear, TheFader), notebooks, pens, chocolates and so on.