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Intrawest’s IPO News & Updates

01 Nov News | Comments

The company was going for the $900-million mark which is about $15 to $16 a share, which actually fetched C$12.50 and C$13 each, down from its initial projection. Whistler Blackcomb Holdings Inc., owner of the Canadian ski resort that hosted the 2010 Winter Olympics, today reduced the share price range for its C$300 million IPO, according to two people familiar with the sale. CIBC World Markets would have profited the most. With 28 per cent of the deal, the firm misses out on roughly $13-million in revenue, assuming the deal came in around $850-million.

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