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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.

Now Available: Five-Lug Wheel Adaptors For Can-Am Spyders

From the “Answer To Question Nobody Asked” department comes this: wheel adaptors for the Can-Am Spyder to allow more conventional five-lug wheels to replace the standard three-luggers. Available from C & S Custom. C & S says the adaptors are a direct fit onto the existing Spyder hubs, and can accept a 5mm x 114mm bolt pattern which is common on many small cars.

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).