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Intrawest prices IPO at $12, well below the range

January 30, 2014

Intrawest Resorts Holdings, a leading mountain resort and adventure company backed by Fortress, raised $188 million by offering 15.6 million shares (80% insider) at $12, well below the range of $15 to $17. Intrawest Resorts Holdings plans to list on the NYSE under the symbol SNOW. Goldman Sachs, Credit Suisse, Deutsche Bank and BofA Merrill Lynch acted as lead managers on the deal.