Hudson’s Bay files for $500 million IPO

Canada-based Hudson’s Bay Co. filed papers to return to trading on the Toronto Stock Exchange after six years as a private company, with a planned IPO that it hopes will raise about 500 million Canadian dollars. The company, which operates The Bay and Home Outfitters chains in Canada and Lord & Taylor in the United States, says the offer comes after implementing a plan to revitalize its stores. Read the Bloomberg Businessweek story here.

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