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GBayWhaler posted 05-03-2013 11:43 AM ET (US)
The BRP IPO news just came across my desk. Shares will be offered somewhere between $18.50 and $21.50 (Canadian Dollars, eh!). Raising about $225,000.00.
Stuart
DVollrath posted 05-03-2013 12:23 PM ET (US)
Stuart,
Did you slip a digit somewhere in the amount of capital to be raised? $225,000 would likely not even pay for the IPO costs.
Dennis
hauptjm posted 05-03-2013 12:23 PM ET (US)
According to Bloomberg and confirming the above:

quote:
The Valcourt, Quebec-based company plans to sell 12.2 million shares for C$18.50 to C$21.50 each in its Canadian IPO, according to the documents. The company will trade on the Toronto Stock Exchange under the symbol DOO after the sale closes around May 27.
I'm sure the symbol will encourage all sorts of commentary from the peanut gallery.
hauptjm posted 05-03-2013 12:24 PM ET (US)
And yes, it's $225,000,000.00
jimh posted 05-03-2013 02:05 PM ET (US)
I guess that stock symbol DOO must be linked to "Ski-Doo". Jeez, I was thinking more like ETEC....
Ridge Runner posted 05-04-2013 05:58 AM ET (US)
The Ski-Doo name goes back to 1959. Joseph Bombardier patented the name of the snowmobile that was the foundational beginning of the company that we know today as Bombardier Recreational Products .
I suspect the Ski-Doo name will far out live the E-TEC name or BPR name for that matter.
saumon posted 05-04-2013 07:21 AM ET (US)
Aside, did you know that J.A. Bombardier initially named it Ski-Dog but a typo error at the patent office turned it into Ski-Doo?
For the IPO, peoples here are have mixed feelings about it. I'm from Montreal and, here, Bombardier and BRP are everywhere. To give an idea, according to the prospectus, sales volumes were divided like this: 40% US, 20% Canada, 40% outside North America.
That mean that, in Canada, which have the tenth of the US population but only half the sales volume, there's five more times BRP products per capita. I suspect that it's even more higher in Quebec.
But, back to the IPO, which is made to, they said, pay a part of their debt, the share-holders voted themselves $375 millions of dividends before launching the IPO. I understand that investors want/need a return on their investment but it sure look funny to go public to pay a debt created by paying yourself.
jimh posted 05-04-2013 11:33 PM ET (US)
That is a good anecdote about SEA-DOG versus SEA-DOO. But I don't think the patent office is where trademarks are registered, at least not in the USA. Perhaps in Canada the patent office handles trademark registration, too.
saumon posted 05-05-2013 06:12 AM ET (US)
No, they were not at the same place.
Because it was intended to replace the dogsled, he called the snowmobile SKI-DOG but it was erroneously typed SKI-DOO. Some sources say at the patents office, others on a publicity flyer (maybe the later, because the US patent 3023824 is only named a "endless track vehicle"). Later, when he went to register it and cause it sounds good, he kept that name.
Around here, it's kind of a tradition in highschool to have an outing at the Bombardier (now BRP) facility in Valcourt. The first half of the visit is spent touring the plant where the snowmobiles and PWC are assembled then you finish at the Bombardier museum who's just beside.
jimh posted 05-05-2013 09:56 AM ET (US)
Thanks for the added explanation. The allusion to dog sled explains better the original intention.
Peter posted 05-06-2013 11:09 AM ET (US)
Trademarks are registered at the United States Patent and Trademark Office (USPTO).
There is no record of an application to register SKI-DOG so it would seem that the error was made by the one who filed the application.
Tom W Clark posted 05-06-2013 11:54 AM ET (US)
Bombardier was, and is, a Canadian company.
saumon posted 05-06-2013 11:58 AM ET (US)
I know we're now seriously on the side track but I think you may find this interresting:
Here's the first one ever-produced, in 1959. Rumor is that the color was "chosen" when Bombardier bought a large leftover of yellow industrial paint from the city of Valcourt. Note the wooden skis.
http://www.myfishingpictures.com/data/500/1959_Ski-Doo_front.jpg
Funny enough, that same machine was powered by a 4-stroke engine, a Kohler 7hp. It could reach 40km/h (25 mph).
http://www.myfishingpictures.com/data/500/1959_Ski-Doo_rear.jpg

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Author	Topic: BRP IPO
GBayWhaler	posted 05-03-2013 11:43 AM ET (US) The BRP IPO news just came across my desk. Shares will be offered somewhere between $18.50 and $21.50 (Canadian Dollars, eh!). Raising about $225,000.00. Stuart
DVollrath	posted 05-03-2013 12:23 PM ET (US) Stuart, Did you slip a digit somewhere in the amount of capital to be raised? $225,000 would likely not even pay for the IPO costs. Dennis
hauptjm	posted 05-03-2013 12:23 PM ET (US) According to Bloomberg and confirming the above: quote: The Valcourt, Quebec-based company plans to sell 12.2 million shares for C$18.50 to C$21.50 each in its Canadian IPO, according to the documents. The company will trade on the Toronto Stock Exchange under the symbol DOO after the sale closes around May 27. I'm sure the symbol will encourage all sorts of commentary from the peanut gallery.
hauptjm	posted 05-03-2013 12:24 PM ET (US) And yes, it's $225,000,000.00
jimh	posted 05-03-2013 02:05 PM ET (US) I guess that stock symbol DOO must be linked to "Ski-Doo". Jeez, I was thinking more like ETEC....
Ridge Runner	posted 05-04-2013 05:58 AM ET (US) The Ski-Doo name goes back to 1959. Joseph Bombardier patented the name of the snowmobile that was the foundational beginning of the company that we know today as Bombardier Recreational Products . I suspect the Ski-Doo name will far out live the E-TEC name or BPR name for that matter.
saumon	posted 05-04-2013 07:21 AM ET (US) Aside, did you know that J.A. Bombardier initially named it Ski-Dog but a typo error at the patent office turned it into Ski-Doo? For the IPO, peoples here are have mixed feelings about it. I'm from Montreal and, here, Bombardier and BRP are everywhere. To give an idea, according to the prospectus, sales volumes were divided like this: 40% US, 20% Canada, 40% outside North America. That mean that, in Canada, which have the tenth of the US population but only half the sales volume, there's five more times BRP products per capita. I suspect that it's even more higher in Quebec. But, back to the IPO, which is made to, they said, pay a part of their debt, the share-holders voted themselves $375 millions of dividends before launching the IPO. I understand that investors want/need a return on their investment but it sure look funny to go public to pay a debt created by paying yourself.
jimh	posted 05-04-2013 11:33 PM ET (US) That is a good anecdote about SEA-DOG versus SEA-DOO. But I don't think the patent office is where trademarks are registered, at least not in the USA. Perhaps in Canada the patent office handles trademark registration, too.
saumon	posted 05-05-2013 06:12 AM ET (US) No, they were not at the same place. Because it was intended to replace the dogsled, he called the snowmobile SKI-DOG but it was erroneously typed SKI-DOO. Some sources say at the patents office, others on a publicity flyer (maybe the later, because the US patent 3023824 is only named a "endless track vehicle"). Later, when he went to register it and cause it sounds good, he kept that name. Around here, it's kind of a tradition in highschool to have an outing at the Bombardier (now BRP) facility in Valcourt. The first half of the visit is spent touring the plant where the snowmobiles and PWC are assembled then you finish at the Bombardier museum who's just beside.
jimh	posted 05-05-2013 09:56 AM ET (US) Thanks for the added explanation. The allusion to dog sled explains better the original intention.
Peter	posted 05-06-2013 11:09 AM ET (US) Trademarks are registered at the United States Patent and Trademark Office (USPTO). There is no record of an application to register SKI-DOG so it would seem that the error was made by the one who filed the application.
Tom W Clark	posted 05-06-2013 11:54 AM ET (US) Bombardier was, and is, a Canadian company.
saumon	posted 05-06-2013 11:58 AM ET (US) I know we're now seriously on the side track but I think you may find this interresting: Here's the first one ever-produced, in 1959. Rumor is that the color was "chosen" when Bombardier bought a large leftover of yellow industrial paint from the city of Valcourt. Note the wooden skis. http://www.myfishingpictures.com/data/500/1959_Ski-Doo_front.jpg Funny enough, that same machine was powered by a 4-stroke engine, a Kohler 7hp. It could reach 40km/h (25 mph). http://www.myfishingpictures.com/data/500/1959_Ski-Doo_rear.jpg