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Groupe Dynamite completes oversubscribed IPO, raising $300M, marking Canada's first in over a year.
Groupe Dynamite, a Montreal-based women's clothing retailer, has successfully completed its oversubscribed Initial Public Offering (IPO), raising about $300 million from the sale of 14.3 million shares at $21 each.
The company's shares closed at $20.32 on the Toronto Stock Exchange.
Underwriters have an option to purchase an additional 2.1 million shares, potentially adding $45 million more.
This marks the first IPO in Quebec in nearly three years and in Canada in over a year.
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Groupe Dynamite completa la OPI sobresuscrita, recaudando $300 millones, marcando la primera en Canadá en más de un año.