SeaWorld Entertainment shares up 24 percent following IPO

Posted | Contributed by Jeff

Shares of SeaWorld Entertainment Inc , backed by Blackstone Group LP, closed up 24 percent in their market debut, valuing the theme park operator at $3.11 billion. The SeaWorld IPO, which raised $702 million, is the latest in a slate of private equity-backed stock offerings in the United States as strong financing markets and a rise in asset values offer an attractive window of opportunity. The company priced the IPO of 26 million shares at $27 each.

Read more from Reuters.

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