Canadian women’s apparel retailer Aritzia Inc is looking to raise about $285 million from its initial public offering, according to a SEDAR filing.
Aritzia, a portfolio company of U.S. private equity firm Berkshire Partners, filed to go public in August. Earlier this month, it amended its prospectus to specify plans to sell 20 million subordinate voting shares for $14 to $16 apiece. Assuming the exercise of the IPO’s over-allotment option, total proceeds may exceed $327 million.
The Vancouver-based company indicated that all of the proceeds will go to selling shareholders, including Berkshire, which acquired Aritzia in December 2005.
Photo courtesy of Aritzia Inc