BRP Closes C$185 Million Secondary Offering of Subordinate Voting Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
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Source: Newsfilter
- Offering Size: BRP announced the completion of a C$185 million secondary offering of subordinate voting shares sold by Bain Capital at C$100 per share, which, while not generating proceeds for the company, enhances market liquidity.
- Shareholder Structure Change: Post-offering, Bain and its affiliates hold over 8.6 million multiple voting shares, representing approximately 11.72% of the company's issued shares, which will strengthen their influence in corporate decisions and may impact future strategic directions.
- Market Reaction: The offering was executed by RBC Capital Markets without an over-allotment option, and while the market's response remains unclear, such transactions typically draw investor attention to the company's equity structure.
- Company Background: BRP is a global leader in powersports products with C$7.8 billion in sales for fiscal 2025 and approximately 16,500 employees, continuously focusing on developing electric models, showcasing its innovation and market adaptability in the industry.
Analyst Views on DOO
Wall Street analysts forecast DOO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DOO is 86.04 USD with a low forecast of 75.00 USD and a high forecast of 94.30 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
9 Buy
1 Hold
0 Sell
Strong Buy
Current: 80.640
Low
75.00
Averages
86.04
High
94.30
Current: 80.640
Low
75.00
Averages
86.04
High
94.30
About DOO
BRP Inc. is a Canada-based company that specializes in powersports products, propulsion systems and boats. The Company’s segments include Powersports and Marine. The Powersports segment comprises Year-Round Products (all-terrain vehicles, side-by-side vehicles, three-wheeled vehicles, and two-wheeled vehicles), Seasonal Products (snowmobiles, personal watercraft and pontoons) and Powersports PA&A and OEM Engines (parts, accessories and apparel (PA&A), engines for karts, recreational aircraft and jet boats, and other services). The Marine segment includes boats, pontoons, outboard engines and related PA&A, and other services. Its brands include Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion systems and Rotax engines for karts and recreational aircraft and Pinion gearboxes. It is developing electric models for its existing product lines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
