March 16, 2017 / 2:57 PM / 9 months ago

Iconic brand Canada Goose shares jump 40 pct in stock market debut

TORONTO, March 16 (Reuters) - Shares in Canada Goose Holdings , an iconic retail brand, surged 40 percent in their trading debut on Thursday after raising C$340 million ($256 million) in an initial public offering.

The maker of C$900 parkas priced the offer above the marketing range on Wednesday, underscoring strong investor appetite for a brand that has been made popular by celebrities.

By 1446 GMT, the Toronto-listed shares were trading at C$22.30 compared with an IPO price of C$17.00, after opening at C$23.86. The benchmark Canadian share index was up 0.5 percent.

$1 = 1.3302 Canadian dollars Reporting by Denny Thomas; Editing by Chizu Nomiyama

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