Consumer
Fast-Fashion Retailer Dynamite Files for IPO as Revenue Grows
- Montreal-based firm operates Dynamite and Garage chains
- IPO consists of existing shares, company receives no proceeds
A Dynamite retail store location in Vaudreuil-Dorion, Quebec.
Photographer: Tripplaar Kristoffer/Sipa/AP Photos
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Clothing retailer Groupe Dynamite Inc. filed a preliminary prospectus for an initial public offering with Canadian securities regulators, disclosing rising revenue and net income.
The Montreal-based company applied on Thursday to list on the Toronto Stock Exchange. The offering will consist of existing shares and Groupe Dynamite will not receive any proceeds from the IPO, the filing shows. The number of shares and price range for the deal will be disclosed at a later date.