SeaWorld Parks reportedly preparing for IPO

Posted Monday, December 17, 2012 10:59 AM | Contributed by VitaminsAndGravy

SeaWorld Parks and Entertainment, the family entertainment company controlled by private equity firm Blackstone Group, is close to filing for an initial public offering, Reuters reported. Orlando, Florida-based SeaWorld, perhaps best known for its performing killer whale Shamu, has selected Goldman Sachs Group Inc. and JPMorgan Chase & Co. to lead the offering, which could come in early 2013. SeaWorld may try to raise $500 million to $600 million in the IPO.

Read more from Reuters.

Monday, December 17, 2012 2:24 PM

Might buy a few coasters. ;)

Monday, December 17, 2012 4:03 PM

There aren't a lot of IPO's when you look at it on a yearly basis. Obviously there were only a few dozen in 2008, and it has recovered a bit, but it's still a big deal. I never really thought about this as the end game for Blackstone. I couldn't find what they bought the parks for.

Monday, December 17, 2012 4:12 PM

$2.3 billion is what I read.

Monday, December 17, 2012 5:25 PM

It's right in the article.

Blackstone acquired SeaWorld from beer giant Anheuser-Busch InBev SA (ABI.BR) in December 2009 for $2.3 billion, according to Blackstone’s website.

Monday, December 17, 2012 6:00 PM

Oops. I was scanning for "billion" and completely missed it.

Monday, December 17, 2012 6:30 PM

For the porpoises of this thread, IPO stands for Initial Penguin Offering (typically measured in pounds of fresh fish).

Tuesday, December 18, 2012 8:12 AM

If I could +1 you I would. I am la-fin my head off.

Tuesday, December 18, 2012 1:53 PM

Puns that funny sometimes make me blowhole milk out my my nose.

Tuesday, December 18, 2012 3:02 PM

If you like those puns, Travis...find a song by comedian Kip Adotta(sp?) called Wet Dream. I guarantee there'll be more milk coming outta yer nose than you'll find on a dairy farm.

Tuesday, December 18, 2012 6:47 PM

With a title like that, are you sure it's milk?

Tuesday, December 18, 2012 8:10 PM


Wednesday, December 19, 2012 2:36 PM

Blackstone is a private equity company, and as such, their end game on any acquisition is almost always to take the company public, cash out, and move on.


Wednesday, December 19, 2012 2:37 PM

Or sell it at a profit.

Wednesday, December 19, 2012 10:17 PM

But what is step 2?

Friday, December 21, 2012 2:52 PM

I bet they'd wait and sea what parks are driving the most revenue, build up those parks sub-stantially, then ship all the mediocre attractions to the lamer ones.


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