SAM Magazine—Wildwood, Mo., Oct. 22, 2014—Peak Resorts has filed for an initial public offering of its common stock, seeking to raise up to $100 million.

Peak Resorts filed a prospectus with the Securities Exchange Commission Monday. This is its second attempt to go public: In 2011, Peak filed for an $85 million IPO that was eventually postponed. It withdrew that filing in late September.

SAM Magazine—Wildwood, Mo., Oct. 22, 2014—Peak Resorts has filed for an initial public offering of its common stock, seeking to raise up to $100 million.

Peak Resorts filed a prospectus with the Securities Exchange Commission Monday. This is its second attempt to go public: In 2011, Peak filed for an $85 million IPO that was eventually postponed. It withdrew that filing in late September.

The most recent filing values Peak Resorts at approximately $150 million. Peak says it plans to use $80 million of the proceeds to repay debt. Funds may also be used to purchase land and for working capital, as well as general corporate purposes. If the IPO is successful, Peak will trade on the Nasdaq under the symbol SKIS.

In support of its aims, Peak said its 13 ski resorts totalled 1.8 million visits in the last ski season, an increase of four percent from the prior ski season. Peak's revenue rose to $105.2 million in fiscal 2014, up 5.5 percent from $99.7 million in 2013. Operating income was $15 million for the year, down 11 percent from 2013.

The company says that it has invested $49.7 million since September 2008 to develop its portfolio of resorts through high-tech snowmaking and faster lifts.

Peak is led by president, chairman and CEO Tim Boyd, who developed Hidden Valley ski area outside of St. Louis in 1982. Peak Resorts was incorporated in 1997. Of the 13 ski areas it operates in the Northeast and Midwest U.S., 12 are directly owned by the company, according to the prospectus.

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