March 16, 2017 / 7:57 PM / 9 months ago

BUZZ-Canada Goose Holdings: Soars on debut

** Canada Goose Holding Inc shares open at C$23.86 on debut, 40 pct higher than the IPO price of C$17; hit a high of C$23.98

** U.S listed shares debut at $18, soar as much as 44 pct from its IPO price of $12.78

** More than 5 mln shares of high-end parka maker traded by 1648 GMT, stock stands 3rd in terms of volume on NYSE

** Founded in a small Toronto warehouse 60 years ago, Canada Goose was acquired by private equity firm Bain Capital in 2013

** Bookrunners say IPO was 25x subscribed with north of 450 institutional orders; demand split was 65 pct US / 35 pct Canada accounts

** About a third of the accounts were “goose-egged” during the stock allocation process

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