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