Instead of aiming to sell 5.4 mn shares for $13 to $15 each, Erickson Air-Crane has cut its deal size by 46 percent, according to Renaissance Capital. Now, the planned IPO is for $41 mn: 4.8 mn shares going for $8 to $9 each. The manufacturing company plans to list on NASDAQ and trade under the symbol EAC.

Click here for FREE email alerts from Inside IPO >>

Source: Renaissance Capital

Photo: bfishadow via Flickr