PE-Backed BRP Raises $262.3M from IPO

Valcourt, Québec-based Bombardier Recreational Products Inc. (BRP), which develops, manufactures and distributes power-sports vehicles, has completed its initial public offering of subordinate voting shares at a price of $21.50 per share, raising gross proceeds of around $262.3 million. The company's subordinate voting shares are listed on the Toronto Stock Exchange under the symbol "DOO". BRP was acquired for $960 million in 2003 by Bain Capital, the Caisse de dépôt et placement du Québec and members of the Bombardier family.

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