Helicopter Operator CHC Group Files to Raise $400 Million in IPO

CHC Group Ltd., the world’s largest commercial operator of helicopters, filed to raise $400 million in a U.S. initial public offering.

JPMorgan Chase & Co., UBS AG and Barclays Plc are managing the sale, according to a regulatory filing today. The $400 million is a placeholder amount used to calculate fees, and may change. The Richmond, British Columbia-based company didn’t specify how many shares it will sell or at what price.