Thursday, May 18, 2017
Bento Sushi is working with banks to explore an initial public offering that would continue a spree of Canadian listings this year, according to a Bloomberg report.
Canada’s largest sushi company is working with the Bank of Nova Scotia and Canadian Imperial Bank of Commerce on the share sale, the news report says. The company is seeking about C$100 million, though no final decision has been made on the size of the IPO.
Bento Sushi started in downtown Toronto in 1996 as a small takeout shop offering sushi, bento boxes, and other ready-to-eat food. It now has more than 450 locations in Canada and the U.S.
The Markham, Ont.-based company also sells its products in Metro, Sobeys and other grocery retailers across Canada.