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Canada's Roots Corp sets C$14-C$16 per share IPO range-term sheet
October 2, 2017 / 4:56 PM / in 2 months

Canada's Roots Corp sets C$14-C$16 per share IPO range-term sheet

TORONTO, Oct 2 (Reuters) - Canadian apparel company Roots Corp has set a price range of C$14 ($14.00) to C$16 per share for its planned Toronto initial public offering (IPO), seeking to raise about C$200 million, according to a term sheet of the deal seen by Reuters on Monday.

Roots, known for its trademark beaver logo, rustic casual wear and Canadian-made leather goods, is expected to price the IPO in the week of Oct. 16, the term sheet showed.

Roots declined to comment on the price range.

$1 = $1.0000 Reporting by John Tilak and Solarina Ho; Editing by Chizu Nomiyama

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