Ski-Doo Maker BRP Rallies to Year’s Best IPO: Corporate Canada
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Shares of BRP Inc., the maker of Ski-Doo snowmobiles and three-wheeled motorcycles, have surged 31 percent since their May debut, the best performer among Canada’s biggest initial public offerings this year.
BRP raised C$262.3 million ($251.4 million) in its May stock sale and topped the 4 percent average increase of 10 companies that raised at least $100 million from IPOs in Canada this year, according to data compiled by Bloomberg. The Valcourt, Quebec-based firm beat the 23 percent surge of Saskatchewan registry operator Information Services Corp. and the 6.5 percent rise of TransAlta Renewables Inc., data show.