Shares in the Montreal fast-fashion retailer debuted at $20.90, after pricing its initial public offering at $21 per share. By Thursday afternoon, shares were trading down around four per cent. (The Logic)
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Shares in the Montreal fast-fashion retailer debuted at $20.90, after pricing its initial public offering at $21 per share. By Thursday afternoon, shares were trading down around four per cent. (The Logic)
Talking point: Dynamite is cracking open Canada’s IPO window. It marks the first corporate listing on the Toronto Stock Exchange since Lithium Royalty listed in March last year. It’s also the largest IPO since Bausch + Lomb raised $889.3 million in 2022. The company’s imputed market value of around $2.2 billion makes CEO Andrew Lufty—who retains 87 per cent of the company’s shares—a billionaire. The thus far tepid IPO market may be poised to bounce back: Canada’s generic drug manufacturer Apotex is one candidate reportedly preparing to list next year.
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