#Ski-doo
BRP To Become Publically Traded Company
Bombardier Recreational Products (BRP) is working to become a publicly owned and traded company. BRP 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).
BRP produces many different kinds of vehicles including snowmobiles, watercraft, ATVs, side-by-sides and the Can-Am Spyder Roadster. The company controls several brands including Can-Am, Sea-Doo, Ski-Doo, and Rotax.
Dennis Chung
Apr 19, 2013