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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).

Can-Am Spyder Hybrid Roadster Development Update [Video]

It’s been about a year since Bombardier Recreational Products announced it was developing a hybrid version of the Can-Am Spyder Roadster. Developed in partnership with the Advanced Technology Center at Sherbrooke University in Quebec and with funding from the Government of Canada, the hybrid Spyder is an ambitious project for BRP. We met up with Scott MacWilliam from BRP at the Toronto Motorcycle Show to take a look at a working prototype of the Can-Am’s hybrid three-wheeler.

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.