DENVER — Intrawest Resorts Holdings Inc. has raised approximately $188 million in an initial public offering at $12 per market share, drastically below the expected price range of $15 to $17 per share, reports Reuters.
Denver-based Intrawest, the largest heli-skiing adventure operator in the world, was taken private by Fortress in 2006 for about $2.8 billion, including debt. The company operates in seven mountain resorts in North America and operates Canadian Mountain Holidays, a heli-skiing adventure company. [reuters.com]
