Shares in Canada Goose, whose winter jackets have been made famous by the likes of celebrities Daniel Craig and Kate Upton, soared today in its debut on stock markets in Toronto and New York.
The Toronto-based company, ubiquitous for its $900 parkas with fur-lined hoods, debuted with an initial public offering of 20 million shares priced at $17 per share under the symbol GOOS.
Shortly after markets opened, Canada Goose shares launched at $23.86 on the Toronto Stock Exchange, later slipping to $22.19 as of 11 a.m. ET.
Canada Goose said it had revenue of $290.8 million and net income of $26.5 million in fiscal 2016, according to securities filings.
Story Credit: Global News
Photo Credit: Wikimedia Commons