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Intrawest Resorts Holdings Inc announces commencement of IPO

Tuesday, 21 Jan 2014 08:33am EST 

Intrawest Resorts Holdings Inc:Says it has commenced its initial public offering of 15,625,000 shares of its common stock.Says company is offering 3,125,000 shares of its common stock and an entity controlled by certain private equity funds managed by an affiliate of Fortress Investment Group LLC is offering an additional 12,500,000 shares of the company‚Äôs common stock.Says selling stockholder also expects to grant the underwriters an option to purchase up to an additional 2,343,750 shares of common stock.Says initial public offering price is expected to be between $15.00 and $17.00 per share.Says it has applied to list common stock on the New York Stock Exchange under the symbol SNOW.Says Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities and BofA Merrill Lynch are acting as joint book-running managers and representatives of the underwriters in the offering.Says JMP Securities, KeyBanc Capital Markets and Stephens Inc. are acting as co-managers in the offering. 

Company Quote

0.09 +0.79%
24 Dec 2014