Erickson Air-Crane sets IPO price

Erickson Air-Crane sets IPO price

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 £15 each.  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

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