NEW YORK — Ski resort operator Peak Resorts and Neff, a company that rents construction equipment, had their initial public offerings on Friday.
Shares of Peak Resorts Inc. fell more than 5 percent in afternoon trading, while Neff Corp. shares rose slightly in their debut.
Peak Resorts Inc., based in Wildwood, Missouri, operates 13 ski resorts in the Northeast and Midwest under the names Hidden Valley, Alpine Valley, Mount Snow and others. It raised $90 million after offering 10 million at $9 per share. The stock, which is trading on the Nasdaq stock exchange under the ticker "SKIS," fell 51 cents, or 5.7 percent, to $8.49 in afternoon trading.
Neff Corp., headquartered in Miami, rents bulldozers, forklifts and other construction equipment at its 65 locations around the country. It raised more than $157.1 million after offering nearly 10.5 million shares at $15 per share. Its stock is trading on the New York Stock Exchange under the symbol "NEFF." The stock rose 5 cents to $15.05 in afternoon trading.