Fast-Fashion Retailer Dynamite Files for IPO as Revenue Grows

Clothing retailer Groupe Dynamite Inc. filed a preliminary prospectus for an initial public offering with Canadian securities regulators, disclosing rising revenue and net income.

The Montreal-based company applied on Thursday to list on the Toronto Stock Exchange. The offering will consist of existing shares and Groupe Dynamite will not receive any proceeds from the IPO, the filing shows. The number of shares and price range for the deal will be disclosed at a later date.

Bloomberg News reported on Monday that Groupe Dynamite, which operates the fast-fashion Dynamite and Garage clothing chains, had hired banks for an IPO likely ...