Information that the clothing company Canada Goose is on its way to being delisted from the Toronto Stock Exchange makes the stock rush in pre-trading. Ahead of this afternoon's stock market opening, the stock is up 7 percent.
The information about a delisting came during yesterday when CNBC reported that the majority owner Bain Capital has received offers from several quarters to sell its share in the company.
The stock increase means that Canada Goose, which is primarily known for its winter jackets, would be valued at around 1.29 billion dollars. Even though the stock has risen 21 percent this year, the valuation is far from the peak in 2018 of 7.7 billion dollars.
