Canada Goose, known for its pricey winter coats, files for an IPO

Canada Goose files for public offering on Toronto and New York exchanges

Canada Goose Holdings, which makes and sells trendy, handmade down-filled parkas, filed on Wednesday with the SEC to raise an estimated $300 million in an initial public offering.

For the fiscal year ended March 31, 2016, revenue was $290.8 million. It opened its first United States retail store in NY in late 2016 and believes this is where the market is heading, saying in a statement that it "believes there is a large white space opportunity in other regions such as the Mid-Atlantic, Midwest and Pacific Northwest". It plans to list it on Toronto Stock Exchange as well as New York Stock Exchange with GOOS as symbol. Revenue was up nearly 40% on a year-over-year basis, with net income almost tripling.

It filed for a $100 million IPO, but that number is a placeholder and likely to change.

The company also wants to expand further into other countries, especially China, where its coats are quite popular.

Bain Capital has a majority ownership stake in the company and will continue to do so even after the IPO, according to sources close to the company. "Consumer surveys conducted on our behalf indicate that our customers are looking for additional Canada Goose products, particularly in key categories such as knitwear, fleece, footwear, travel gear and bedding".

Canadian bank CIBC Capital Markets are the lead underwriters of the offering, alongside Credit Suisse, Goldman Sachs and RBC Capital Markets.

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