Whistler Blackcomb Holdings Inc., which operates North America's largest ski resort in British Columbia, completed its initial public offering  of 25,000,000 common shares at a price of $12.00 per share for gross proceeds of approximately $300 million. 


The proceeds of the IPO were used to facilitate the acquisition of a 75% interest in the partnerships that operate Whistler Blackcomb from Intrawest ULC.   The stock closed at $12.06 after trading as high as $12.50 during the day.

The Corporation's common shares began trading today on the Toronto Stock Exchange under the symbol “WB”.


The Offering was made through a syndicate of underwriters led by CIBC and RBC Capital Markets and included Scotia Capital Inc., BMO Capital Markets, TD Securities Inc., Goldman Sachs Canada Inc., Canaccord Genuity Corp., Desjardins Securities Inc., HSBC Securities (Canada) Inc. and Raymond James Ltd. (the “Underwriters”). 


Following completion of the Offering, Intrawest ULC will hold approximately 34% of the common shares of the corporation. The Underwriters have also been granted an over-allotment option, exercisable within 30 days from the date hereof, to purchase up to an additional 3,750,000 common shares from Intrawest ULC.  The Corporation will not receive any proceeds from the sale of these additional shares, if any.