Dec 27 SeaWorld Parks and Entertainment,
controlled by Blackstone Group LP, on Thursday filed with
the U.S. 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 U.S. 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 Sept. 30, 24 million guests
visited the company's theme parks.
SeaWorld earned about $19.1 million on revenue of $1.33
billion in 2011.
After the completion of this offering, Blackstone affiliates
will continue to own a majority of the voting power of all
outstanding shares of the common stock, SeaWorld said in the
Blackstone acquired SeaWorld from beer giant Anheuser-Busch
InBev SA in December 2009 for $2.3 billion, according
to Blackstone's website.