Reported 13 days ago
Groupe Dynamite, a Canadian women’s clothing retailer, has launched its initial public offering aimed at a C$2.3 billion ($1.7 billion) valuation. The site plans to offer subordinate voting shares priced between C$19 to C$23 each, potentially raising C$300 million. CEO Andrew Lutfy will retain significant ownership and voting rights, making his stake worth around C$2 billion if valued at C$21 per share. The company operates nearly 300 stores across Canada and the US, with revenue of C$888 million in the past year.
Source: YAHOO