31-Jan-2012 Source: HeliHub.com
20 months after first mooting the idea of an Initial Public Offering, Erickson Air-Crane yesterday made a new filing with the NASDAQ stock exchange with a share price guidance in the range of $13 to Â£15 each.Â The company is selling 5.35 million shares, which would raise between $69.5 million and $80 million, in line with its figure of $75 million which it gave in May 2010 when it first annuonced its IPO intentions.
Although the timing of the IPO remains under wraps, the very fact that they have set a price range would indicate that they are confident of their numbers – ie that more information would be given in the next few weeks.
This IPO will be the first for an Oregon company for seven years.
Jeremy Parkin – HeliHub.com