The Financial Post reports in its Saturday edition that Groupe Dynamite Inc. is poised to awaken Canada's long-dormant initial public offering market after an 18-month dry spell. The Post's Geoffrey Morgan writes that Dynamite, a retailer of women's clothing, aims to raise $300-million in a deal that would value the company -- majority owned by chief executive officer Andrew Lutfy -- at $2.3-billion. Its IPO would be the largest in Canada since Bausch + Lomb raised $889.3-million in January, 2022. It is expected to help the Toronto Stock Exchange, which has not seen a corporate IPO since Lithium Royalty Corp. raised $150-million in February, 2023. "The timing of this IPO is actually quite canny," said Grant Kernaghan, chief executive of Citigroup's global markets business in Canada. Because other companies pushed through their IPOs ahead of the U.S. presidential election, an air pocket of sorts has developed in which Dynamite is not facing competition for investor dollars. "What you've got here is a very smart decision to try and hit the market in a very narrow period, when there's unlikely to be a lot of competition out of the U.S. and that might lead to some incremental demand," Mr. Kernaghan said in an interview.