Parties
Company
Groupe Dynamite Inc.
Bank
Goldman Sachs Canada Inc.
Bank
BMO Nesbitt Burns Inc.
Bank
RBC Dominion Securities Inc.
Bank
TD Securities Inc.
Bank
Barclays Capital Canada Inc.
Bank
Desjardins Securities Inc.
Bank
National Bank Financial Inc.
Bank
Scotia Capital Inc.
Company
Canaccord Genuity Corp.
Bank
CIBC World Markets Inc.
Company
Stifel Nicolaus Canada Inc.
Groupe Dynamite Inc. announced its initial public offering on November 11, 2024, and closed the offering on November 20, 2024, raising CAD 300 million through the sale of 14,285,715 subordinate voting shares priced at CAD 19.00–23.00. Proceeds will benefit the selling shareholders, with shares conditionally approved for listing on the TSX under the ticker "GRGD."
The offering was underwritten by Goldman Sachs Canada, BMO Nesbitt Burns, RBC Dominion Securities, TD Securities, Barclays Capital Canada, Desjardins Securities, National Bank Financial, Scotia Capital, Canaccord Genuity, CIBC World Markets, and Stifel Nicolaus Canada. Legal counsel included Davies Ward Phillips & Vineberg (issuer), Osler, Hoskin & Harcourt (underwriters, Canada), and Cravath, Swaine & Moore (underwriters, U.S.).
Deal Type
Public/Private OfferingIndustry
OtherTransaction
$ 300,000,000Deal Status
ClosedClosing Date
27 November 2024