The Montreal-based firm behind the Dynamite and Garage stores began trading Thursday under the ticker GRGD.
The launch comes as the global retail market has been battered by high inflation and interest rates, which have eased but are continuing to weigh on consumers headed into the key holiday season. Groupe Dynamite has not said what spurred its decision and spokesperson Anne Dongois said in a Thursday email that the retailer was unable to grant interviews during its primary distribution period, which is likely to end Nov. 26.The offering was made through a syndicate of underwriters including Goldman Sachs Canada Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc. and TD Securities Inc.
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