The TMX Market Centre is shown in Toronto, Wednesday, Sept. 11, 2024. Montreal-based clothing retailer Groupe Dynamite Inc. says it has launched its initial public offering on the Toronto Stock Exchange.
Groupe Dynamite, the Montreal company behind women's fashion retailers Dynamite and Garage, has launched its initial public offering on the Toronto Stock Exchange and starts trading Thursday.The TMX Market Centre is shown in Toronto on Sept. 11. Montreal-based clothing retailer Groupe Dynamite Inc. says it has launched its initial public offering on the Toronto Stock Exchange.
Groupe Dynamite is set to have a market capitalization of $2.3 billion. That would make its CEO and owner Andrew Lufty a billionaire,The underwriting group — led by Goldman Sachs Canada Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc. and TD Securities Inc., among others — will have the option of issuing an additional 2.14 million shares up to 30 days after the IPO closes.Canadian retailer Simons is expanding.
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