03:22 PM EST, 11/21/2024 (MT Newswires) -- Groupe Dynamite Inc. (GRGD.TO), a Montreal-based retailer behind the Dynamite and Garage stores, was at last look down 4.75% at $20 on its Toronto Stock Exchange debut Thursday -- having priced its initial public offering at $21 per subordinate voting share.

This comes after shareholders selling 14.3 million shares in a related IPO raised $300 million. The selling shareholders granted the underwriters an over-allotment option to purchase and sell up to an additional 2.1 million subordinate voting shares at $21 apiece. The over-allotment option is exercisable for 30 days from closing of the offering, expected to occur on November 26, subject to customary closing conditions.

Groupe Dynamite had set an IPO Range at $19-$23 a share.

Price: 20.02, Change: -0.88, Percent Change: -4.21