September 13, 2017 / 10:02 PM / 2 years ago

Retailer Roots Corp files for IPO in Canada

(Reuters) - Canadian lifestyle retailer Roots Corp said on Wednesday it filed a preliminary prospectus with the securities regulatory authorities in Canada for a proposed initial public offering of its common shares.

The company, known for its casual wear and leather goods, is controlled by New York-based private equity firm Searchlight Capital Partners LP.

Roots’ proposed listing follows luxury jacket maker Canada Goose Holdings Inc’s (GOOS.TO) IPO in March. Shares of the company are up nearly 27 percent since its debut.

TD Securities, Credit Suisse Securities (Canada) and BMO Capital Markets are serving as lead underwriters.

CIBC World Markets, Canaccord Genuity Corp and National Bank Financial are serving as underwriters for the Toronto-based Roots Corp, which has 116 retail stores in Canada and an online business that ships products to 54 countries.

(The story is refiled to add lead underwriters)

Reporting by Roopal Verma in Bengaluru; Editing by Arun Koyyur

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