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nigel_graham(at)m-tecque.
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 Posted: Fri May 24, 2013 11:18 pm Post subject: BRP goes public |
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For you Rotax powered flyers, this announcement by BRP may be of interest. I was intrigued to learn that despite their eye-watering pricing, the company is in debit.
Nigel
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Bombardier Recreational Products announced an initial public offering price of CN$21.50 per share when the company goes public.
At that price ($20.83 U.S.D.) for 12,200,000 shares, the IPO would generate proceeds of CN$262.4 million (US$254.8 million) for BRP, the company behind Rotax aircraft engines, Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Evinrude & Johnson outboard engines, and Can-Am‘s ATVs, side-by-sides and Spyder three-wheeled roadsters.
BRP’s stock will be listed on the Toronto Stock Exchange, trading under the symbol “DOO”. The IPO closes May 29 and will offer subordinate voting shares, while the company’s current owners, a consortium of the Bombardier and Beaudoin families, Bain Capital and the Québec government’s public pension plan manager Caisse de dépôt et placement du Québec, will hold on to 90% of the company’s equity.
At $262.4 million, this would represent the largest IPO in Canada this year. BRP plans to use the proceeds from the IPO to pay down the company’s debt.
The IPO is underwritten by BMO Capital Markets, RBC Capital Markets, UBS Securities Canada Inc., Citigroup Global Markets Canada Inc., acting as joint bookrunners, and including Wells Fargo Securities LLC, CIBC World Markets Inc., Desjardins Securities Inc., Scotia Capital Inc., National Bank Financial Inc. and Robert W. Baird & Co. Incorporated. [quote][b]
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rlborger(at)mac.com
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| Posted: Sun May 26, 2013 6:35 am Post subject: BRP goes public |
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Nigel,
Borrowed $$$,$$$,$$$ or, in their case, probably €€€.€€€.€€€ to cover development costs for all those new fun products.
Blue skies & tailwinds,
Bob Borger
Europa XS Tri, Rotax 914, Airmaster C/S Prop.
Little Toot Sport Biplane, Lycoming Thunderbolt AEIO-320 EXP
3705 Lynchburg Dr.
Corinth, TX 76208-5331
Cel: 817-992-1117
rlborger(at)mac.com (rlborger(at)mac.com)
On May 25, 2013, at 2:18 AM, nigel_graham(at)m-tecque.co.uk (nigel_graham(at)m-tecque.co.uk) wrote:
For you Rotax powered flyers, this announcement by BRP may be of interest. I was intrigued to learn that despite their eye-watering pricing, the company is in debit.
Nigel
-----------------------------------------------------
Bombardier Recreational Products announced an initial public offering price of CN$21.50 per share when the company goes public.
At that price ($20.83 U.S.D.) for 12,200,000 shares, the IPO would generate proceeds of CN$262.4 million (US$254.8 million) for BRP, the company behind Rotax aircraft engines, Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Evinrude & Johnson outboard engines, and Can-Am‘s ATVs, side-by-sides and Spyder three-wheeled roadsters.
BRP’s stock will be listed on the Toronto Stock Exchange, trading under the symbol “DOO”. The IPO closes May 29 and will offer subordinate voting shares, while the company’s current owners, a consortium of the Bombardier and Beaudoin families, Bain Capital and the Québec government’s public pension plan manager Caisse de dépôt et placement du Québec, will hold on to 90% of the company’s equity.
At $262.4 million, this would represent the largest IPO in Canada this year. BRP plans to use the proceeds from the IPO to pay down the company’s debt.
The IPO is underwritten by BMO Capital Markets, RBC Capital Markets, UBS Securities Canada Inc., Citigroup Global Markets Canada Inc., acting as joint bookrunners, and including Wells Fargo Securities LLC, CIBC World Markets Inc., Desjardins Securities Inc., Scotia Capital Inc., National Bank Financial Inc. and Robert W. Baird & Co. Incorporated.
[quote][b]
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