Restaurant chain Freshii Inc. is going ahead with an initial public offering of its shares.
The company has filed a preliminary prospectus with securities regulators in Canada for an IPO and secondary offering of class A subordinate voting shares.
Freshii says the offering will include a treasury offering by the company and a secondary offering by certain shareholders, including Matthew Corrin, Freshii’s chairman and chief executive.
The number of shares to be sold and the price has not yet been determined.
The offering will be managed by a syndicate of underwriters, led by joint bookrunners CIBC Capital Markets and RBC Capital Markets. BNN previously reported the filing was expected as early as mid-December and that the healthy fast-food chain hopes to raise…