---------------------------------------------------------- Europa-List Digest Archive --- Total Messages Posted Sun 05/26/13: 1 ---------------------------------------------------------- Today's Message Index: ---------------------- 1. 07:35 AM - Re: BRP goes public (Robert Borger) ________________________________ Message 1 _____________________________________ Time: 07:35:08 AM PST US Subject: Re: Europa-List: BRP goes public From: Robert Borger 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@mac.com On May 25, 2013, at 2:18 AM, nigel_graham@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=91s ATVs, side-by-sides and Spyder three-wheeled roadsters. BRP=92s stock will be listed on the Toronto Stock Exchange, trading under the symbol =93DOO=94. The IPO closes May 29 and will offer subordinate voting shares, while the company=92s current owners, a consortium of the Bombardier and Beaudoin families, Bain Capital and the Qu=E9bec government=92s public pension plan manager Caisse de d=E9pt et placement du Qu=E9bec, will hold on to 90% of the company=92s 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=92s 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. ------------------------------------------------------------------------------------- Other Matronics Email List Services ------------------------------------------------------------------------------------- Post A New Message europa-list@matronics.com UN/SUBSCRIBE http://www.matronics.com/subscription List FAQ http://www.matronics.com/FAQ/Europa-List.htm Web Forum Interface To Lists http://forums.matronics.com Matronics List Wiki http://wiki.matronics.com Full Archive Search Engine http://www.matronics.com/search 7-Day List Browse http://www.matronics.com/browse/europa-list Browse Digests http://www.matronics.com/digest/europa-list Browse Other Lists http://www.matronics.com/browse Live Online Chat! http://www.matronics.com/chat Archive Downloading http://www.matronics.com/archives Photo Share http://www.matronics.com/photoshare Other Email Lists http://www.matronics.com/emaillists Contributions http://www.matronics.com/contribution ------------------------------------------------------------------------------------- These Email List Services are sponsored solely by Matronics and through the generous Contributions of its members.