Blackstone's SeaWorld files for $100 million IPO

31 Dec, 2012

SeaWorld Parks and Entertainment, controlled by Blackstone Group LP, on Thursday filed with the US regulators to raise up to $100 million in an initial public offering of its common shares. The company, which is best known perhaps for its performing killer whale Shamu, named Goldman Sachs and JPMorgan Securities as the lead underwriters for the offering.
The amount of money a company says it plans to raise in its first IPO filing is used to calculate registration fees. The final size of the IPO could be different.
Reuters earlier this month reported that Orlando, Florida-based SeaWorld was looking to raise $500 million to $600 million in the IPO. SeaWorld owns 11 theme parks including those with the SeaWorld, Busch Gardens and Sesame Place brands, caring for more than 67,000 animals.
The filing with the US Securities and Exchange Commission did not reveal how many shares the company planned to sell or their expected price.
SeaWorld did not reveal the name of the exchange it planned to list its stock on. It intends to list the common stock under the symbol "SEAS." During the 12 months ended September 30, 24 million guests visited the company's theme parks.
SeaWorld earned about $19.1 million on revenue of $1.33 billion in 2011.

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