Initial Public Offering

Consumer
Initial Public Offering

Summary

Baird served as a bookrunner on this offering

About

Freshii, Inc. (“Freshii” or the “Company”) (TSX: FRII) recently completed an initial public offering of 10,900,000 shares generating gross proceeds of approximately $95.9 million.

Freshii is a fast-growing restaurant brand serving a healthy and customizable menu built around high-quality ingredients such as fresh produce, lean proteins, healthy grains and ethnic spices. Founded in 2005 by Matthew Corrin in Toronto, Canada, Freshii’s core mission is to help people all over the world live healthier and better lives by making nutritious food affordable and convenient. Freshii offers a delicious and diverse menu that energizes people “on-the-go”, appealing to a broad spectrum of customers across many demographics. Since opening its first store in 2005, Freshii has grown to 244 stores located across 15 countries and in more than 30 states and provinces in North America as of September 25, 2016. The store base is approximately 98% franchised, with 240 franchised locations and four Company-owned stores. Freshii is headquartered in Toronto, Canada.
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Consumer
Initial Public Offering
Date
February 2017
Company
Freshii, Inc.
Transaction
M&A
Sectors
Consumer
Target Location
North America

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