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Intrawest Resorts Holdings Inc announces pricing of initial public offering


Thursday, 30 Jan 2014 11:00pm EST 

Intrawest Resorts Holdings Inc:Announced the pricing of its initial public offering of 15,625,000 shares of its common stock at $12.00 per share.Says the Company priced 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 priced an additional 12,500,000 shares of the Company's common stock.Says the selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 2,343,750 shares of common stock.Says the shares are expected to begin trading on the New York Stock Exchange under the symbol "SNOW" on Jan. 31, 2014.Says the offering is expected to close on or about Feb. 5, 2014.Says the net proceeds received by the Company from the offering are expected to be about $35.1 million after deducting underwriting discounts and commissions and before deducting estimated offering expenses.Says the Company has no specific plans for the net proceeds received by the company from the offering and intends to use such proceeds for working capital and other general corporate purposes. 

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