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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.

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).

Will The Bombardier Trailtrike Make Trikes Cool?

Charles Bombardier, creator of the highly controversial Can-Am Spyder and grandson of the man who invented the snowmobile, thinks he has an idea to make trikes cool. It’s a tall order, considering most motorcycling circles banish three-wheelers as some kind of second class device, not worthy of mingling with true two wheelers. While Bombardier’s Trailtrike still has two wheels in front and one in back, he tells Popular Science the difference is that the Trailtrike can be ridden both on- and off-road.