Sleep Coun­try Canada back on the TSX, IPO price per share draws yawn

Cape Breton Post - - CLASSIFIEDS/BUSINESS -

TORONTO - Sleep Coun­try Canada re­turned to the public mar­kets Thurs­day af­ter seven years in pri­vate hands, but its IPO price of $17 a share drew some­thing of a yawn from in­vestors. The coun­try’s largest mat­tress re­tailer, which trades un­der the stock sym­bol (TSX:ZZZ), closed down 85 cents at $16.15, or five per cent be­low the tar­get price. Vol­ume was just over five mil­lion shares, mak­ing it the third most ac­tive is­sue on the TSX. It owns and op­er­ates 215 stores across Canada un­der its own name and the Dormez-Vous? ban­ner.

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