Groupe Dynamite Shares Fall 5% in First Canadian IPO of 2024

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Groupe Dynamite Inc. shares fell more than 5% in Toronto after its C$300 million ($215 million) initial public offering, Canada’s first corporate listing on the country’s main exchange since March 2023.

Shares in the Montreal-based retailer, which has 300 stores in the US and Canada under the Dynamite and Garage brands, closed at C$19.85 each on Thursday in Toronto, after pricing the offering Wednesday at C$21 per share.

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