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Erickson Air-Crane Cuts IPO Plans

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author imageAlan Draper Last updated:

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.

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Source: Renaissance Capital

Photo: bfishadow via Flickr

  This article was written for Business 2 Community by Alan Draper.
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Author: Alan Draper

Based in the United Kingdom, Business 2 Community editor Alan is part of the team that’s responsible for ensuring all the content on our site is accurate, relevant and up-to-date. In addition to editing, he is also a writer and an expert on the stock market. Alan has previously written …

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