Seeking Alpha

Weak IPO for Intrawest Resorts; fist trades awaited on Malibu Boats

  • Intrawest Resorts (SNOW) is off about 10% in early trades after pricing its IPO at just $12 per share, well below the expected range of $15-$17.
  • The company owns a piece of seven mountain resorts and an adventure helicopter skiing business. Also on the balance sheet are 1,150 acres available for real estate development.
  • Yet to print its initial trades, Malibu Boats (MBUU) is indicated to open at around $15 per share after pricing its IPO at the midpoint of the expected $13-$15 range.
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