Freshii files for Canadian IPO

December 20, 2016

Freshii Inc., the 244-unit chain of health-focused restaurants, on Tuesday filed preliminary documents for an initial-public offering in its Toronto home.

The company plans to use funds raised in the offering to repay debt, buy back a master partner agreement in Chicago and fund the company’s growth, according to its filing with Canadian securities regulators.

Freshii has long been said to be considering a public offering, and was said to be talking to bankers both in the U.S. and in Canada in various reports over the past year.

The 11-year-old brand has been staking a position as a high-growth fast-casual