"~~Exclusive: Ski resort operator Intrawest files $100M IPO'
~~ Nov 12, 2013, 5:59am MST Updated: Nov 12, 2013, 7:56am MST Exclusive: Ski resort operator Intrawest files $100M IPO . Enlarge Ben Blankenburg | Thinkstock . L. Wayne HicksSocial Media Engagement Officer / Digital Producer- Denver Business Journal Email | LinkedIn | Google+ | Cultural Attache blog Intrawest Resorts Holdings Inc., which operates the Winter Park Resort and Steamboat Ski & Resort in Colorado, on Tuesday registered for an initial public offering to raise as much as $100 million. The Denver company has called Denver home since 2011, having relocated its headquarters from Canada. Intrawest said it intends to list its shares on the New York Stock Exchange, although it didn't disclose a proposed symbol. Intrawest said it intends to use the proceeds from the offering "for working capital and other general corporate purposes, which may include potential investments in, and acquisitions of, ski and adventure travel businesses and assets." In addition to Winter Park and Steamboat, the company operates Mount Tremblant Resort in Quebec, Stratton Mountain Resort in Vermont and Snowshoe Mountain in West Virginia. Intrawest also owns a half-interest in Blue Mountain Ski Resort in Ontario. Intrawest had 3.15 million skier visits in its 2013 fiscal year, which ended June 30; that's up from 2.76 million the year before. The company lost $19.3 million on revenue of $513.4 million in 2012, but rebounded to post a $3.4 million profit on revenue of $524.4 million a year later. Intrawest's CEO is William "Bill" Jensen, who previously was president of the Mountain Division of Broomfield-based Vail Resorts Inc. (NYSE: MTN) for two years beginning in February 2006. He joined Intrawest as its chief executive in June 2008. L. Wayne Hicks is Social Media Engagement Officer / Digital Producer of the Denver Business Journal, writes for the "Cultural Attache" blog, and compiles the daily "Morning Edition" email. Phone: 303-803-9221.