Erickson Air-Crane (EAC) IPO Opens Flat

The IPO for Erickson Air-Crane Incorporated (Nasdaq: EAC) is open for trading. Shares are trading at $8.05 after pricing 4,800,000 shares at $8 per share, the low end of the expected $8-$9 range which was lowered from $13-$15.

Stifel, Nicolaus & Company, Incorporated, Oppenheimer & Co. Inc. and Lazard Capital Markets LLC are acting as joint book-running managers, with D.A. Davidson & Co. and Wedbush Securities Inc. acting as co-managers for the offering.

Erickson Air-Crane specializes in the operation and manufacture of the Erickson S-64 Aircrane, a versatile and powerful heavy-lift helicopter. The Aircrane has a lift capacity of up to 25,000 pounds and is the only commercial aircraft built specifically as a flying crane without a fuselage for internal loads. The Aircrane is also the only commercial heavy-lift helicopter with a rear load-facing cockpit, combining an unobstructed view and complete aircraft control for precision lift and load placement capabilities. The company owns and operate a fleet of 17 Aircranes

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Benchmark Reiterates Buy Rating on MiniMed Group (MMED)
• Lazard adds ex-Goldman Sachs banker Kathy Elsesser to its board
• Bleichroeder Acquisition Corp. III prices $300M IPO on Nasdaq