Canadian fast-fashion retailer Groupe Dynamite Inc. will start trading in Toronto on Thursday after sewing up a C$300 million ($215 million) initial public offering that will cement its largest shareholder’s status as a billionaire.
The Montreal-based company said late Wednesday it has signed an agreement with underwriters to go public at C$21 per share — the middle of the C$19 to C$23 range it announced last week. At that price, the company is set to have a market capitalization of about C$2.3 billion.
