Roots'S Application For Listing In Toronto Will Be IPO

Canada is well-known this year.

The producer of Canadian geese is listed on the stock exchange of Toronto, which sells $20 million for an initial public offering of $900. At present, its stock price on the stock exchange of Hong Kong has soared more than 40%.

Now there are more companies looking at this bonus - known in Canada.

Retail brand

IPO will also be announced, and the company has submitted an application for listing in Toronto.

According to the world clothing and shoe net, Roots hopes to raise 200 million Canadian dollars (about 164 million US dollars), which will prompt the company to reach the market value of 700 million Canadian dollars (about 575 million US dollars).

Roots can be said to be Canada's national leisure brand. It was born in 1973. It was originally a very small shop in Toronto. It was first known for its high-quality handmade leather accessories and accessories. Later it was integrated into casual style clothing. Hot products include pure leather backpacks, sweaters, casual pants and striped socks.

What really made Roots famous was its design and production of the uniforms for the US Olympic team participating in the Salt Lake City Winter Olympic Games in 2002, when the sportsmen wore wool Berets for the first time, and the sales volume reached 1 million in that year.

After several successive Canadian summer and Winter Olympic Games, Roots contracted the costumes of the Canadian Olympic delegation.

At present, the main market of Roots is in North America, and there are 120 stores.

In mainland China and Taiwan, 136 branches were operated, and operated by the Hongkong time group holding company. In 2015, Roots opened its first direct store in Beijing, and then opened an official flagship store on Tmall.

In 2015, the two co founders of Roots sold the majority stake of the company to private investment firm Searchlight Capital Partners, and the specific paction amount was not disclosed.

In the 2016 fiscal year, Roots's revenue was 282 million Canadian dollars (about $231 million), an increase of 10% over the same period last year, but net profit fell to 8 million 100 thousand US dollars from the previous 16 million 500 thousand US dollars.

Now the Roots plan is to have more room in the international market. Before the 2019 fiscal year, it opened 25 new branches in mainland China and Taiwan, and opened up new markets such as Singapore and Malaysia.

"When you have a big expansion plan, it is very logical to have IPO next," said a Canadian fashion dress analyst at NPD, a market research firm.

She said that the Roots listing would raise some of the necessary funds for this purpose.

Last year, Canadian women's clothing retailer Aritzia took a bold step from the weak retail industry to raise 400 million Canadian dollars (about 328 million U.S. dollars), becoming Canada's largest IPO last year. The first day of listing, the stock price soared, more than 13% IPO above 16 yuan, but now it has dropped to less than 14 Canadian dollars.

But now investors are more optimistic about the listing of Roots, and analysts say Roots's situation may be more biased towards the canadian goose, which has a niche market brand, because Roots has advantages in leather products and footwear accessories.

More interesting reports, please pay attention to the world clothing shoes and hats net.