Canada Goose, a maker of luxury winter down jackets, is preparing for an initial public offering (“IPO”) that could value the company at as much as $2 billion, sources reported on Friday. An IPO of Toronto-based Canada Goose – which could take place as soon as early 2017 – would demonstrate the explosive growth the company has experienced, following its transition from selling jackets primarily to adventurers on expeditions to shoppers in more than 50 countries, eager to pay $1,000 for warm, high-end coats.
Photo-sharing app Snapchat's parent is also said to be working on an IPO that could value the company at $25 billion or more, the Wall Street Journal reported, citing several people familiar with the matter. Snap Inc., which operates the app that lets users send videos and messages that disappear in seconds, is looking to sell shares as early as late March.
Snapchat's valuation has grown in the last few years as the company added advertising and sponsored contents to its messaging service. The company has told investors to expect $1 billion in advertising revenue in 2017, according to sources familiar with the matter.
Particularly noteworthy, an IPO valued at $25 billion would be significantly higher than Snapchat's most recent valuation of $17.81 billion, based on a $1.81 billion financing round in May. It would also represent the largest IPO by a technology company since Chinese e-commerce giant Alibaba Group Holding went public in 2014.