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BRP to Raise CN$262.3 Million with Initial Public Offering

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 in U.S. dollars) for 12,200,000 shares, the IPO would generate proceeds of CN$262.4 million (US$254.8 million) for BRP, the company behind 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.

Can-Am Spyder Forums are full of Spyder Talk

The Can-Am Spyder is an interesting beast (arachnid?).  A snowmobile for the road, one might say.  In any case, it’s automotive spectacle that is hard to ignore. Do you love it, or do you hate it? If you are at all curious about this beast, head over to the Can-Am Spyder Forums and have a look around.  People have already been posting their pictures, reviews, questions and rants about their Spyders.

BRP to go Public with IPO

Bombardier Recreational Products has filed a preliminary prospectus with the necessary securities regulatory bodies in Canada for a proposed initial public offering of subordinate voting shares. Should things go according to plan, non-controlling shares of the company will be available on the Toronto Stock Exchange. The Financial Post reports BRP hopes to raise CN$250 million (US$243 million).