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Groupe Dynamite, a Montreal-based fashion retailer, made its stock market debut on the Toronto Stock Exchange.
Montreal-based fashion retailer Groupe Dynamite Inc., owner of Dynamite and Garage stores, began trading on the Toronto Stock Exchange with an initial public offering (IPO) at $21 per share.
The IPO, involving over 14 million shares, aimed to raise around $300 million.
However, the shares dropped to $20.05 in early trading.
The company, founded in 1975, operates nearly 300 stores across Canada and the US and has a market value of about $2.3 billion.
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Groupe Dynamite, un minorista de moda con sede en Montreal, hizo su debut en el mercado de valores en la Bolsa de Valores de Toronto.