TORONTO — Restaurant chain Freshii Inc. is filing for an initial public offering of its shares, The Toronto Star recently reported. The Canadian fast-food franchise opened its first restaurant in 2005 and since then has expanded to 244 locations across 15 countries.
The company has filed a preliminary prospectus with securities regulators in Canada for an initial public offering and secondary offering of class-A subordinate voting shares. The IPO will include a treasury offering by Freshii Inc. and a secondary offering by specific shareholders, including Freshii’s chairman and CEO, Matthew Corrin.
A syndicate of underwriters, led by joint bookrunners CIBC Capital Markets and RBC Capital Markets, will manage the offering. The number of shares to be sold and the price have yet to be confirmed.