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Erickson Air-Crane prices IPO at $8, the low end of the range

By Renaissance Capital,  April 11, 2012, 09:03:04 AM EDT

Erickson Air-Crane, which provides aerial firefighting and timber harvesting service on heavy-lift helicopters, raised $38 million by offering 4.8 million shares at $8, the low end of the revised range of $8 to $9. The company will command a market value of $78.9 million. Erickson Air-Crane will list on the NASDAQ under the symbol EAC. Stifel Nicolaus Weisel, Oppenheimer & Co. and Lazard Capital Markets acted as joint bookrunners on the deal.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, IPOs

Referenced Stocks: EAC



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