Mountain resort operator Intrawest Resorts Holdings, owned by private equity firm Fortress Investment Group LLC, filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock. The owner of Canadian Mountain Holidays, the largest heli-skiing adventure operator in the world, was taken private by Fortress in 2006 for about $2.8 billion, including debt.Intrawest has interests in seven mountain resorts in North America and runs Club Intrawest, a private vacation club with eight locations across the U.S., Canada and Mexico.The Denver-based company intends to use proceeds from the IPO for investments and acquisitions, it said in a regulatory filing on Tuesday. ()The amount of money a company says it plans to raise in its first IPO filing is used to calculate registration fees. The final size of the IPO could be different.
Fortress Investment Group LLC (Fortress), is a global investment management firm. Shares of FIG remained unchanged at $7.75. In the past year, the shares have traded as low as $3.73 and as high as $9.10. On average, 1136010 shares of FIG exchange hands on a given day and today's volume is recorded at 0.
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