Fortress-backed mountain resort company Intrawest sets terms for $250 million IPO


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Intrawest Resort Holdings, which is leading mountain resort and adventure company backed by Fortress, announced terms for its IPO on Tuesday. The Denver, CO-based company plans to raise $250 million by offering 15.6 million shares (80% insider) at a price range of $15 to $17. At the midpoint of the proposed range, Intrawest Resort Holdings would command a fully diluted market value of $729 million.

Intrawest Resort Holdings, which was founded in 1976 and booked $526 million in sales for the 12 months ended September 30, 2013, plans to list on the NYSE under the symbol SNOW. Intrawest Resort Holdings initially filed confidentially on September 30, 2013. Goldman Sachs, Credit Suisse, Deutsche Bank and BofA Merrill Lynch are the 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 Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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