Investors may be able to make a bet on Shamu in 2013.
SeaWorld filed documents with the SEC Thursday that pave the way for a 2013 initial public offering. The amusement park operator, owned by private equity firm Blackstone Group (BX), will trade under the ticker symbol SEAS.
The company said it would raise $100 million but that figure could change. IPO underwriters typically go through several rounds of investor testing to determine the right size and price tag for an IPO ahead of a company's debut. SeaWorld did not specify in the filing how many shares it would sell or at what price.
SeaWorld plans to use the proceeds to help pay off its $1.8 billion of debt and to make a one-time payment to Blackstone. SeaWorld will use the remainder for general corporate purposes.Goldman Sachs (GS) and JPMorgan Chase (JPM) are the lead underwriters on the deal.
In addition to its three main SeaWorld theme parks in Orlando, San Antonio, and San Diego, the company operates Busch Gardens and Sesame Place.
For the first nine months of 2012, SeaWorld reported a 7.6% jump in revenue to $1.2 billion and a 72% profit surge to $86 million.
Shares of home furnishing retailer Restoration Hardware (RH) surged in their debut on the New York Stock Exchange Friday morning.
The retailer raised $122 million in its IPO, which priced at $24 a share -- the high end of its estimated range. It will use the bulk of the proceeds to pay down debt and pay management fees to its private equity owners -- Catterton, Tower Three and Glenhill -- MOREMaureen Farrell - Nov 2, 2012 12:35 PM ET
Investors are making a bold gamble that the housing rebound will be steep and swift with the initial public offering of Realogy.
Realogy, which owns Century 21, Coldwell Banker, Corcoran and Sotheby's International Realty, raised more than $1 billion through its initial public offering that priced Wednesday night at $27 a share -- the high end of its estimated range. It's the third-largest IPO of the year behind Facebook (FB) and MOREMaureen Farrell - Oct 11, 2012 11:54 AM ET
In what could be a game-changing settlement for the private equity industry, three PE firms and several banks agreed to pay Mervyn's department store creditors $166 million to settle allegations that the firms took fraudulent profits and drove the retailer into bankruptcy four years ago.
The creditors, which include vendors like clothing companies Li & Fung, Levi Strauss, and VF Corporation (VFC), accused Sun Capital, Cerberus Capital Management and Lubert-Adler of MOREMaureen Farrell - Oct 9, 2012 11:36 AM ET
You know we've reached the sleepy summer doldrums when The New York Post moves not one, but two stocks on reports of vague takeover chatter.
The News Corp. (NWSA)-owned tabloid more famous for salacious front page headlines and Page Six celebrity gossip reported Thursday that gaming company Electronic Arts (EA) and Redbox parent company Coinstar (CSTR) were both possible targets for private equity firms. Shares of both stocks were up about MOREPaul R. La Monica - Aug 16, 2012 10:55 AM ET
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