Health-food restaurant chain Freshii Inc. has increased the price range for its initial public offering in Canada.
Freshii has raised the price range for its IPO to C$10 to C$11.50 per share from the prior range of C$8.50 to C$10.0 per share, BNN reported. The company could raise up to C$125.4 million in the offering at the high end of the revised range.
The offering includes a treasury offering by Freshii and a secondary offering of Class A subordinate voting shares of Freshii by certain shareholders, including Jaxii Holdings LLC, a limited liability company controlled by Matthew Corrin, Freshii’s Chairman and Chief Executive Officer.
This would be the largest Canadian IPO after women’s fashion retailer Aritzia LP raised C$400 million in September 2016. It would also be the first Canadian IPO this year.
Freshii is a Canadian fast-food franchise that serves burritos, wraps, soups,…