Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

BRP Aims to Raise C$262 Million in Canada IPO

Don't Miss Out —
Follow us on:

May 3 (Bloomberg) -- BRP Inc., the Canadian maker of Ski-Doo snowmobiles, watercraft and all-terrain vehicles, plans to raise as much as C$262 million ($259 million) by selling shares in its initial public offering, according to sale documents.

The Valcourt, Quebec-based company plans to sell 12.2 million shares for C$18.50 to C$21.50 each in its Canadian IPO, according to the documents. The company will trade on the Toronto Stock Exchange under the symbol DOO after the sale closes around May 27.

BRP makes Ski-Doo snowmobiles, Sea-Doo personal watercraft, all-terrain vehicles and motorcycles including the three-wheeled Can-Am Spyder roadster as well as engines, according to a regulatory filing.

BRP, which sells products in 105 countries, employs about 6,800 people, mostly in Canada, Mexico, Austria, the U.S. and Finland, according to an April filing. BRP had net income of C$121 million from about C$2.9 billion of revenue for its fiscal year, the filing said.

The company is a spinoff of Bombardier Inc., which in 2003 sold its recreational products business to a group of investors including Bain Capital Partners LLC, members of the Bombardier and Beaudoin families who are part of closely held Beaudier Group, and Caisse de Depot et Placement du Quebec, Canada’s largest pension fund manager, according to a filing.

Pierre Pichette, a BRP spokesman, didn’t immediately return a telephone message seeking comment.

Bank of Montreal, Royal Bank of Canada, UBS AG and Citigroup Inc. are leading the sale. The banks have an option to buy an additional 15 percent of the offering after the sale closes.

To contact the reporter on this story: Doug Alexander in Toronto at

To contact the editors responsible for this story: David Scheer at; David Scanlan at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.