Canada Goose (GOOS) IPO Expected to Price Tonight

The highly-anticipated IPO for Canada Goose (NYSE: GOOS), the maker of $1,000 cold weather parkas, is expected to price tonight with a deal size of 20 million and price range of C$14-C$16. The company is listing on the New York Stock Exchange and Toronto Stock Exchange in Canada under the symbol "GOOS."

The offering is being led by CIBC, Credit Suisse, Goldman Sachs, RBC, BofA/Merrill Lynch, Morgan Stanley, Barclays, BMO, TD, Wells Fargo, Baird, Canaccord Genuity, and Nomura.

Founded 60 years ago in a small Toronto warehouse, Canada Goose has grown into a highly coveted global outerwear brand. They are recognized for authentic heritage, uncompromised craftsmanship and quality, exceptional warmth and superior functionality. This reputation is decades in the making and is rooted in our commitment to creating premium products that deliver unrivaled functionality where and when it is needed most. Be it Canadian Arctic Rangers serving their country or an explorer trekking to the South Pole, people who live, work and play in the harshest environments on Earth have turned to Canada Goose.

In fiscal 2016, the company had revenue of $290.8 million, gross profit of $145.6 million, which represented gross margin of 50.1%, net income of $26.5 million, Adjusted EBITDA of $54.3 million, Adjusted EBITDA Margin of 18.7% and Adjusted Net Income of $30.1 million. They grew revenue at a 38.3% compound annual growth rate (CAGR), net income at a 196.0% CAGR and Adjusted EBITDA at an 85.0% CAGR from fiscal 2014 to fiscal 2016, while expanding gross margin from 38.6% to 50.1% and our Adjusted EBITDA Margin from 10.4% to 18.7% over the same period.

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