logo
Share SHARE
FONT-SIZE Plus   Neg

Erickson Air-Crane Lowers Estimated IPO Price Range To $8-$9/Shr - Quick Facts

Erickson Air-Crane Inc. said it lowered the estimated initial public offering price range to between $8.00 and $9.00 per share. The company is selling 4.8 million shares of its common stock.

Earlier, Erickson Air-Crane's expected public offering price range was to be between $13.00 and $15.00 per share. Previously, the company intended to sell 5.35 million shares of its common stock.

Currently, no public market exists for the shares. Erickson Air-Crane said it has applied to list its common stock on The NASDAQ Global Market under the symbol "EAC."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Germany, a clean-power trendsetter country, is planning to introduce hydrogen powered trains. The environment friendly "Coradia iLint" long distance passenger hydrails are expected to be operational by the end of 2017. Rogers Communications Inc. and Shaw Communications Inc. are shutting down Shomi, the subscription video-on-demand service run by the two Canadian companies. Shomi said it will shut down operations on November 30, 2016, just two years since its launch. Shomi was viewed as a Canadian competitor to Netflix. Canadian women's fashion retailer Aritzia LP has raised C$400 million in its initial public offering on the Toronto Stock Exchange. Aritzia, Boston-based private equity firm Berkshire Partners LLC, and founder as well as CEO Brian Hill sold 25 million subordinate voting shares for C$16 per share, at the high end of its marketed range of C$14 to C$16 per share.
comments powered by Disqus
Follow RTT