2013 Can-am Spyder Rs Se5 on 2040-motos

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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).

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.

Santa on a Can-Am Spyder

Everyone knows that the market for three and four wheeled motorcycles is fueled by aging motorcycle enthusiasts not wanting to let go of that feeling of being in the wind. Similarly, some voyagers in their aging years are opting to travel on the ground instead of taking to the skies. Santa is no different.