Canada Goose popped nearly 40% on its first day of trading Thursday.
The Canadian luxury retailer opened for trading at $18 a share after pricing at $12.78 (CAD $17.00) on Wednesday evening.
Wednesday's price came in above the expected range of CAD $14-16 a share.
The company listed on the New York Stock Exchange and the Toronto Stock Exchange under the ticker "GOOS."
Canada Goose said it in a regulatory filing had revenue of $290.8 million and net income of $26.5 million.
Revenues grew at an annualized rate of 38.3% from 2014 to 2016, it said.
The company also indicated it is seeking to expand globally.
"We have rapidly grown our online sales to $33.0 million in fiscal 2016, which represented 11.4% of our consolidated revenue," it said in a statement in February. "We have subsequently launched new online storefronts in the United Kingdom and France and plan to continue introducing online stores in new markets."
Additionally, it indicated that it wants to expand beyond its popular jacket products.
"Our strategy is to selectively respond to customer demand for functional products in adjacent categories," the company said. "Consumer surveys conducted on our behalf indicate that our customers are looking for additional Canada Goose products, particularly in key categories such as knitwear, fleece, footwear, travel gear and bedding."
The Canadian bank CIBC Capital Markets scored the lead advisory role, with Credit Suisse, Goldman Sachs, and RBC Capital Markets also on the deal.
Bank of America Merrill Lynch, Morgan Stanley, Barclays, BMO, TD, Wells Fargo, Baird, Canaccord Genuity, and Nomura also scored roles.
More to come...
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