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CHC Group prices IPO at $10, below the downwardly revised range

January 17, 2014

CHC Group, the world's largest commercial helicopter operator for the offshore oil and gas industry, raised $310 million by offering 31.0 million shares at $10, well below the downwardly revised range of $12 to $14. The company had originally planned to offer 29.4 million shares at $16 to $18. CHC Group plans to list on the NYSE under the symbol HELI. J.P. Morgan, Barclays and UBS Investment Bank acted as lead managers on the deal.