Home Must Reads Erickson Air-Crane cuts IPO price target

Erickson Air-Crane cuts IPO price target

| Print |  Email
Must Reads
Thursday, April 05, 2012

Erickson Air-Crane cut the share price of its pending stock offering by nearly half.

Erickson wants to sell stock so it can start paying down $130.6 million in debt. It's been preparing an IPO for two years but has repeatedly delayed the offering amid uneven financial results. 
Last month, Erickson said it hoped to raise around $65 million by selling stock for between $13 and $15 a share. Today, though, the company said it expects to sell fewer shares for less money. 
In a federal regulatory filing, the company set a price range between $8 and $9. At the midpoint of the range, Erickson said it would raise $33.5 million, roughly half of its target last month.

Read more at OregonLive.com.

{biztweet}erickson air-crane{/biztweet}

 

 

More Articles

The business of running a food cart

News
Thursday, June 05, 2014
OBM1BY HANNAH WALLACE | OB BLOGGER

What does it take to launch and run one of these mobile food businesses?  


Read more...

Salvage operation

June 2014
Thursday, May 29, 2014
BY JONATHAN FROCHTZWAJG

For Far West Fibers, one of Oregon's largest and oldest mixed-recycling companies, garbage alchemy has long been big business.


Read more...

What I'm Reading

June 2014
Thursday, May 29, 2014

The CEO of Axiom EPM, Peri Pierone, and the co-founder of McMenamins, Mike McMenamin, share their recent reads.


Read more...

Detox fashion

June 2014
Thursday, May 29, 2014
BY LINDA BAKER

Remember mood rings? A team of scientists at Oregon State University has designed what might be considered a 21st-century analog of the ’70s jewelry fad: a bracelet that reveals one’s exposure to pollutants.


Read more...

How communication styles can sabotage your work

Contributed Blogs
Friday, May 23, 2014
052314 thumb commsBY TOM COX | OB BLOGGER

There are very different learning and communication styles. We all need to take charge of helping our bosses and peers get along with us better, and a first step is in knowing your own work style along these seven dimensions.


Read more...

Interview: Dr. Mark Goulston

Contributed Blogs
Thursday, July 10, 2014
JustListenBY TOM COX | OB BLOGGER

Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.


Read more...

Attack of the Robin Sages

Contributed Blogs
Monday, July 07, 2014
070714 thumb linkedinfakesBY TOM COX | OB BLOGGER

Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS