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
Saudi Arabia's oil major Aramco is reportedly planning to list its much hyped initial public offering on the Saudi stock market, Tadawu only. Earlier, the Dhahran-based Saudi Arabian national petroleum company was planning for a wider international listing. Following a disastrous week of public-relations fiascoes involving transportation of pets, United Airlines said Tuesday it is suspending its Petsafe program with immediate effect. PetSafe is United Airlines' specially designed program for transporting animals that are not eligible to travel in the aircraft cabin. The program offers airport-to-airport travel for animals to nearly 300 destinations. Chipotle Mexican Grill, the Mexican food-chain that continues to struggle from its food-borne illness scandal, on Tuesday said it has appointed Chris Brandt as its new Chief Marketing Officer to replace Mark Crumpacker, who resigned last week. Most recently, Brandt worked at Bloomin' Brands, where...
comments powered by Disqus
Follow RTT