The Financial Post reports in its Saturday edition BRP Inc., the Canadian maker of Ski-Doo snowmobiles, watercraft and all-terrain vehicles, plans to raise as much as $262-million by selling shares in its initial public offering. A Bloomberg dispatch to the Post says the Quebec company plans to sell 12.2 million shares for $18.50 to $21.50 each in its IPO. The company will trade on the Toronto Stock Exchange under the symbol DOO after the sale closes May 27. BRP makes Ski-Doo snowmobiles, Sea-Doo watercraft, all-terrain vehicles and motorcycles including the three-wheeled Can-Am Spyder as well as engines. BRP, which sells products in 105 countries, employs about 6,800 people, mostly in Canada, Mexico, Austria, the United States and Finland, according to an April filing. BRP had net income of $121-million from about $2.9 billion of revenue for its fiscal year. The company is a spinoff of Bombardier, which in 2003 sold its recreational products business to a group of investors including Bain Capital Partners LLC, members of the Bombardier and Beaudoin families who are part of closely held Beaudier Group, and the Caisse. Leading the sale are BMO, Royal Bank of Canada, UBS AG and Citigroup.