SeaWorld Entertainment Inc Registers for IPO

.

SeaWorld Entertainment Inc Registers for IPO

It has been lately revealed in a report that SeaWorld Entertainment Inc has filed itself with the Securities and Exchange Commission. The report says that the aim of the company is to carry out an initial public offering of stock.

The firm is the parent company of SeaWorld San Diego, which hopes to raise some $100 million by conducting the public offering. Based in Florida, SeaWorld Entertainment Inc. is managed by the private equity firm Blackstone Group, which is based in the New York City.

The report has unveiled that Blackstone Group is likely to sell a part of its stake. However, it itself would remain the owner of a majority following the IPO. IPO proceeds, as per the filing, would be utilized to repay company debt, which as of September 30 was noted at $1.8 billion.

Headquartered in Orlando, the company runs 10 parks across the nation, and for the year ending September, it has reported $1.4 billion in sales. Its plan is to list itself under the symbol SEAS. As per the findings, the planned offering's date, pricing and number of shares to be issued by the firm are not yet out.

Meanwhile, it has been found that Knott's Soak City, which is in Chula Vista, was recently acquired by the firm, which would probably be reopened as Aquatica San Diego in the spring.

 


Latest News

Nebraska Gov. Ricketts and Lt. Gov. Foley to Traveling to Japan in Trade Mission
Fennica , the Icebreaker Leaves for Arctic Waters as Portland Police Remove Prot
PPIC’s Poll Reveals Californians Divided in Opinion on Climate Change Impacting
Chairman Says the Boeing Company May have to Move Some Operations Overseas if Ex
Facebook Second Quarter Earnings Surpass Analysts’ Expectations but Growing Expe
Overcharging Scandal Takes a Toll on Whole Foods Earnings
Yelp Trims Third Quarter Earnings Forecast Also Announces Departure of Its Chair
Solvay, the Belgian Chemical Group to Acquire U.S. Cytec for $5.5 billion
Reports Say Amazon Suggests Dividing Airspace into Zones for Delivery Drones
Federal Reserve Expected to Stay Focused on Rate Hike Plan in September
Oil Prices Drop Near Four-Month Low as Supply Glut and Chinese Economy Increases
Reportedly A.G. Lafley to Pass Reigns of P&G CEO to David Taylor