Roots Corp. has filed for an initial public offering in Toronto. The Canadian casual wear retailer seeks to raise about $200 million in the share sale this month. It might have a market value of $700 million after listing, according to some analysts. The IPO is being led by Toronto-Dominion Bank, Credit Suisse Group AG and Bank of Montreal, according to a regulatory filing Wednesday. The company plans to trade on the Toronto Stock Exchange under the symbol ROOT.
