Intrawest Files $100 Million IPO
SAM Magazine--Denver, Colo., November 12, 2013--According to NASDAQ.com, Intrawest Resorts Holdings Inc., filed an initial public offering today with the New York Stock Exchange to raise up to $100 million. Intrawest, which is based out of Denver, operates Winter Park and Steamboat in Colorado, Mont Tremblant in Quebec, Stratton in Vermont and Snowshoe in West Virginia, as well as half of Blue Mountain in Ontario. Intrawest will remain under the leadership of Bill Jensen.
According to the filing, Intrawest is raising the money "for working capital and other general corporate purposes, which may include potential investments in, and acquisitions of, ski and adventure travel businesses and assets."
To check out the entire filing with the Securities Exchange Commission, click here.