• News
  • SAN DIEGO
  • Finance

SeaWorld files to go public with $100M IPO

ORLANDO, Fla. (AP) -- Looks like Shamu may soon be making a splash in the stock market.

SeaWorld Entertainment Inc. on Thursday filed for an initial public offering of stock that could raise $100 million.

That number is likely to change as the company's bankers gauge interest from investors.

Private equity firm Blackstone Group LP, which owns SeaWorld, will likely sell some of its stake in the deal, but will still own a majority of the voting power of the company's shares after the IPO, the company said in a filing with the Securities and Exchange Commission.

Blackstone bought SeaWorld from beer brewer Anheuser-Busch InBev in 2009 in a deal worth at least $2.3 billion.

The Orlando, Fla., company plans to use money from the IPO to pay debt and make a payment to Blackstone.

It did not list a date for the offering. The company also did not say how many shares would be sold, or for how much.

The three SeaWorld theme parks are known for water shows featuring orca whales, dolphins and other animals. The company has eight other properties, including two Busch Gardens parks and Sesame Place, which is based on the children's TV show Sesame Street.

SeaWorld said about 24 million people went to its parks in the 12 months through Sept. 30.

In the first nine months of this year, it earned $86.2 million, up 73 percent from $50 million in the same months a year ago. Revenue rose 7.6 percent to $1.16 billion.

SeaWorld plans to use the “SEAS” symbol for its stock, but did not say on which exchange it plans to trade.

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

User Response
0 UserComments

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

Subscribe Today!