CAMS IPO
CAMS is planning an IPO, although it has not yet filed. The offshore marine helicopter company, based in Fort Lauderdale, has filed preliminary paperwork ahead of the expected announcement of the official filing of the CAMS IPO. This company is actually Registrar and Transferring agent. It operates as a part of Seacorp called Aviation Services.
CAMS operates Mutual fund Products for a variety of purposes, including investment, search and rescue operations, and sightseeing trips. The company operates marine transportation as third party entity worldwide and Era Helicopters is based in Lake Charles, Louisiana. Era is one of the largest helicopter companies in the world and has been around for decades in the United States.
No date has yet been named in the upcoming CAMS IPO, nor has the number of shares been disclosed, but it will be offering Class A common stock. They plan to raise $50 million and to be listed on the NSE Stock Exchange with the ticker ERA. The capital raised will be used to repay advances from SEACORP, which owns 100% of Era outstanding common stock. SEACORP will still be the controlling stock holder after the CAMS IPO.
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