Jan 6 CHC Group Ltd , the world's
largest commercial helicopter services provider, said it planned
to raise up to $529 million in an initial public offering.
The company, owned by private equity firm First Reserve
Corp, is offering 29.4 million shares at an expected price of
between $16 and $18 per share, according to a registration
statement filed with the U.S. Securities and Exchange Commission
First Reserve's stake in the company will drop to 61.3
percent stake after the offering, which will value CHC at $1.37
at the top end of the expected price range.