Helicopter operator CHC Group sets terms for $500 million IPO

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CHC Group, which is the world's largest commercial helicopter operator for the offshore oil/gas industry, announced terms for its IPO on Monday. The Richmond, Canada-based company plans to raise $500 million by offering 29.4 million shares at a price range of $16 to $18. At the midpoint of the proposed range, CHC Group would command a market value of $1.3 billion.

CHC Group, which was founded in 2008 and booked $1.7 billion in sales for the 12 months ended October 31, 2013, plans to list on the NYSE under the symbol HELI. J.P. Morgan, Barclays and UBS Investment Bank 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 The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: HELI

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