Club Versante Group, a Canadian restaurant and venue operator with four locations, announced terms for its IPO on Wednesday.
The Richmond, Canada-based company plans to raise $9 million by offering 2 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Club Versante Group would command a fully diluted market value of $79.3 million and an enterprise value of $79.4 million.
Club Versante Group operates four restaurant and event venue concepts in or around the Versante Hotel in Richmond, Canada, near the Vancouver International Airport. These include "Bruno", a fine dining full-service restaurant, "Yankiniku Don", a Japanese takeaway restaurant, "Alaïa", a lounge designed for private and corporate events, and "Cask", a Japanese and Western fusion bar.
Club Versante Group was founded in 2021 and booked $4 million in sales for the 12 months ended December 31, 2024. It plans to list on the Nasdaq under the symbol CADV. Joseph Stone Capital is the sole bookrunner on the deal.
