SeaWorld To Go Public
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.
The Orlando, Fla., company, known for its water shows featuring orca whales, dolphins and other animals, did not list a date for the offering. It plans to use the “SEAS” symbol.
Copyright 2012 The Associated Press.