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Westport Innovations
VANCOUVER — — Low-emission engine technology maker Westport Innovations Inc. is preparing for a listing of its shares on the Nasdaq, filing with the U.S. Securities and Exchange Commission and completing a 3.5-to-one stock consolidation.
The company said Tuesday it has filed a registration statement with the SEC for a planned initial public offering in the U.S. and Canada.
Westport shares begin trading on the TSX on a post-consolidated basis on Thursday and will trade on the Nasdaq when all listing requirements are met.
Westport develops technologies that allow engines to operate on more environmentally friendly fuels such as natural gas and propane. The company has a joint venture with engine maker Cummins Inc. and is 12 per cent owned by T. Boone Pickens, founder and chairman of BP Capital Management, which manages $4-billion (U.S.) in energy-oriented investment funds.
