Sleep Country reportedly planning IPO

“Why buy a mattress anywhere else?” You know the jingle, and soon you may be able to buy the stock.

Sleep Country is planning an IPO, according to a Bloomberg report.

“Sleep Country, a former income trust that was taken over in 2008 by Toronto-based firms Birch Hill Equity Partners Management Inc. and Westerkirk Capital Inc., plans to raise at least C$100 million ($81 million) in a Canadian IPO,” sources with knowledge of the matter told Bloomberg.

Read more here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.