Clothing Brand Aritzia Has Become Canada's Largest IPO This Year.

Reported that Canadian fashion

The brand Aritzia has reached 400 million Canadian dollars (US $302 million) through IPO, becoming the largest IPO of Hydro One since October, raising 1 billion 830 million Canadian dollars, and has become the largest IPO this year.

The company's shareholders, Berkshire Partners and founder Brian Hill, have sold 25 million sub voting shares at a price of $16 per share, the top price of 14-16 Canadian dollars in the market.

The current Vancouver based apparel retailer has a market capitalization of 1 billion 870 million Canadian dollars, with a total issue of 117 million 100 thousand shares.

Brian Hill founded the Aritzia brand in Vancouver in 1984 and is currently the CEO of the company.

Private Equity Investment Firm Berkshire Partners from Boston bought a majority stake in Aritzia in 2005.

The company sells women's clothing and accessories, targeting women aged 15 to 45, and has more than 75 retail outlets in North America, including New York, Toronto, Montreal, Boston, Chicago and San Francisco.

Aritzia will be on the Toronto stock exchange.

The stock code is ATZ, which will be publicly traded next month.

At present, banks responsible for IPO sales say they have the option to issue 15% additional shares, which will help to raise the total amount to 460 million Canadian dollars.