Shares in Canada's renowned lifestyle brand begin trading today
TORONTO, Oct. 25, 2017 /CNW/ - TMX Group's senior equity exchange, Toronto Stock Exchange (TSX), today welcomed Canadian retailer Roots as it began trading this morning under the symbolTSX:ROOT.
"We are proud to welcome Roots, a truly iconic and world-renowned Canadian lifestyle brand to our market today," said Ungad Chadda, President, Capital Formation, Equity Capital Markets, TMX Group. "It is fitting that on the day of Toronto Stock Exchange's 165th birthday, we celebrate a new partnership with a company globally-recognized as a symbol of Canadian heritage. We are committed to supporting Roots, and all of our issuers, in pursuit of their business goals and growth aspirations."
"Today marks a significant milestone in our company's history for our customers, employees, founders, partners and investors. I'm incredibly proud of the team that made this happen, but this is just one more step forward along a much larger journey," said Jim Gabel, Chief Executive Officer of Roots Corporation. "We see a tremendous growth opportunity ahead for Roots, as we continue to execute on our mission to inspire the world to embrace the spirit of the open air. We are in the early stages of leveraging our strategic operational investments to support our continued growth in Canada, the United States and internationally. Our TSX listing provides an additional platform to help us unlock the potential of the Roots brand."
Established in 1973 by co-founders Michael Budman and Don Green, Roots has a rich Canadian heritage and is known for its premium apparel, leather goods, accessories and footwear. Roots, which began as a small Toronto store, has more than 220 retail stores in Canada, the United States and Asia (China, Taiwan).
TSX and Venture Exchange are home to 28 Canadian retail companies with a combined market capitalization of $127 billion, as of September 30, 2017.
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This news release is not, and should not be construed as, an invitation to purchase securities listed on TSX. TMX Group and its affiliates do not endorse or recommend any of the referenced securities nor should any statement in this news release be construed as advice regarding a broad investment strategy. Listing on TSX does not guarantee the future performance of a security. Please seek professional advice to evaluate specific securities.
SOURCE Toronto Stock Exchange
For further information: Catherine Kee, Manager, Corporate Communications, TMX Group, 416-814-8834, [email protected]