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Blackstone Group LP's SeaWorld Aims For $2.5 Billion Valuation In IPO-Reuters

Tuesday, 9 Apr 2013 07:08am EDT 

Reuters reported that Blackstone Group LP's SeaWorld Parks and Entertainment set the price range of its initial public offering at $24 to $27 per share, valuing the company at up to $2.5 billion. At the high end, the IPO would raise $540 million. SeaWorld and selling shareholders are selling 10 million shares each. The company plans to use the funds it raises to repay debt. 

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