Groupe Dynamite, a women's clothing retailer, launches IPO aiming to raise up to $300 million.

Groupe Dynamite Inc., a Montreal-based women's clothing retailer operating the Garage and Dynamite chains, has launched an initial public offering (IPO). Shares are priced between $19 and $23 each, aiming to raise around $300 million. The company, known for its nearly 300 stores in Canada and the U.S., reported revenue of $888 million and net income of $128 million for the past year. The IPO is being underwritten by a syndicate led by Goldman Sachs Canada, BMO Nesbitt Burns, RBC Dominion Securities, and TD Securities.

November 11, 2024
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