A stunning IPO for Cara Operations Ltd. on the TSX as its well-established and winning businesses Swiss Chalet and Harvey’s rode a huge wave of interest to raise more than $200 million dollars. It is the best Canadian IPO since 2007. Clearly the Warren Buffet rule was at work. Easy to understand and well-established with a proven record of profitability. Yeah. The restaurant company opened at C$31.26 in its first day of trading on the Toronto Stock Exchange, up from its initial public offering price of C$23 a share. It finished up $10 on the IPO opening price.
