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BRP to Raise CN$262.3 Million with Initial Public Offering

Bombardier Recreational Products announced an initial public offering price of CN$21.50 per share when the company goes public. At that price ($20.83 in U.S. dollars) for 12,200,000 shares, the IPO would generate proceeds of CN$262.4 million (US$254.8 million) for BRP, the company behind Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Evinrude & Johnson outboard engines, and Can-Am‘s ATVs, side-by-sides and Spyder three-wheeled roadsters.

NHL Legend Mark Messier Makes Prediction About Can-Am Spyder + Video

Canadian company Bombardier Recreational Products (BRP) has an ongoing relationship with the National Hockey League (NHL), and it’s latest iteration has sports legends telling how much they like riding Can-Am Spyders. An earlier video had NASCAR racer Danica Patrick riding the Spyder around Charlotte Motor Speedway. Well, not BRP has tapped six-time Stanley Cup champion Mark Messier to use his own special technique to reach out to potential riders.

US Motorcycle Sales First Half 2011 Results

The U.S. motorcycle industry saw a 4.6% decrease in year-on-year sales over the first six months of 2011, thanks mostly to a 17.3% drop in ATV sales. Motorcycle and scooter sales however saw a 1.7% bump in the first half .