Ski resort operator Peak Resorts announced today that they have raised approximately $82 million in an initial public offering. The company sold 10,000,000 shares of its common stock at a price to the public of $9.00 per share.
The shares began trading on the NASDAQ Global Market on November 21 under the ticker symbol “SKIS.”
The company has stated that it intends to use the funds raised through the IPO primarily to reduce outstanding debt with the remainder available for working capital and general corporate purposes, including future acquisitions.
Peak Resorts Operates:
Attitash, New Hampshire
Crotched Mountain, New Hampshire
Wildcat, New Hampshire
Mount Snow, Vermont
Jack Frost, Pennsylvania
Big Boulder, Pennsylvania
Boston Mills/Brandywine
Mad River Mountain, Ohio
Alpine Valley, Ohio
Paoli Peaks, Indiana
Snow Creek, Missouri
Hidden Valley, Missouri