Era Group has filed for an initial public offering (IPO) of its ‘Class A’ common stock with the U.S. Securities and Exchange Commission. The helicopter operator is seeking to raise about $150 million in the IPO and intends to list its shares on the New York Stock Exchange, adds Reuters.

Goldman Sachs, JP Morgan and Deutsche Bank will serve as underwriters for the offering. The Louisiana-based company will use the sale proceeds to repay a portion of advances received from SEACOR, which owns 100% of the outstanding common stock and will continue to be the controlling stockholder after the offering.

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