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Europa-List: BRP goes public

Subject: Europa-List: BRP goes public
From: nigel_graham@m-tecque.co.uk <nigelgraham@mtecque.co.uk>
Date: Sat, 25 May 2013 08:18:12
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*//** 
<http://www.motorcycle.com/manufacturer/brp.html>//, the company behind 
//*Rotax *//aircraft engines, //*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. /

/BRP's stock will be listed on the Toronto Stock Exchange, trading under 
the symbol "DOO". The IPO closes May 29 and//will offer subordinate 
voting shares, while the company's current owners, a consortium of the 
//*Bombardier*//and //*Beaudoin*//families, //*Bain Capital*//and the 
Qubec government's public pension plan manager //*Caisse de dpt et 
placement du Qubec*//, will hold on to 90% of the company's 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's 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./



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