Intrawest resorts files $100 million IPO
Ryan Summerlin November 27, 2013
Intrawest Resorts Holdings Inc., which operates Winter Park Resort and Steamboat ski area, has filed for an initial public offering to raise as much as $100 million.
The Nov. 12, filing with the U.S. Securities and Exchange Commission said the company plans to list its shares on the New York Stock Exchange in an effort to raise 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,” according to the filing.
The company did not disclose a proposed symbol for the stock.
Intrawest was previously a publicly held company until New York-based Fortress Investment Group purchased the company in 2006.
Intrawest operates a number of other resorts in the U.S. and Canada and saw an increase in skier visits of 14 percent from 2012 to 2013, according to the filing.
Winter Park Resort declined to comment on the filing, citing a SEC mandated hush period.
Reid Tulley can be reached at 970-887-3334