The Montreal-based fast-fashion company filed a preliminary prospectus on Thursday for an initial public offering on the Toronto Stock Exchange. Groupe Dynamite Inc. (GDI) grew revenue around 10 per cent year-on year to $888.4 million for the year ending in August, while net earnings totalled $127.8 million in the last 12 months, up 48 per cent year-over-year. (The Logic)

Talking point: GDI, whose clothing stores Dynamite and Garage target Gen Z and Millennial women, expanded into the U.S. over two decades ago, where it derives over half of its revenue, despite only having one-third of its stores. The number of shares on offer and price range have yet to be disclosed, but an IPO could value it up to $1 billion, according to Bloomberg. It would also mark the first IPO on the TSX since Lithium Royalty made its debut on the exchange in March last year. GDI flagged economic conditions in Canada and the U.S., fluctuations in the Canadian dollar, and brand risks associated with supply chains and influencers as key risks to its business model.