Canadian apparel retailer looks to expand with IPO

Aritzia Inc. is expected to raise C$400 million ($302 million) in its initial public offering.



The company, based in Vancouver, sells fashion-forward clothes and accessories for young women. It has 75 stores in North America, including locations in New York, New Jersey, Toronto, Montreal, Boston, and Chicago, along with an online business.



According to Aritzia’s filing, it expects to grow annual revenue to between C$1.1 billion and C$1.2 billion by the end of its 2021 financial year—more than double the C$542.4 million in its 2016 financial year, TheStar.comreported.



Aritzia plans to open 25 to 30 stores by 2021, including 10 over the next two years.