Freshii files IPO
Freshii has filed a preliminary prospectus with the securities regulatory authorities in all 10 Canadian provinces and three territories for a proposed initial public offering and secondary offering of its Class A subordinate voting shares. This includes a treasury offering by Freshii and a secondary offering of Class A subordinate voting shares of Freshii by shareholders, including Jaxii Holdings, according to a company news release.
The number and price of shares hasn't been determined yet, but the offering is being managed by a syndicate of underwriters, led by joint bookrunners, CIBC Capital Markets and RBC Capital Markets. Copies of the preliminary prospectus are available online at Sedar, Canada's official site for access to most public securities documents and information filed by issuers.
Freshii has 244 stores in 15 countries.
Topics: Franchising & Growth