SeaWorld prices upsized IPO at $27, at high end of the range

By Renaissance Capital,

Shutterstock photo

SeaWorld Entertainment, a Blackstone-backed operator of 11 US theme parks such as SeaWorld and Busch Gardens, raised $702 million by offering 26 million shares (62% insider) at $27, at the high end of the range of $24 to $27. The company had originally planned to offer 20 million shares (50% insider). SeaWorld Entertainment plans to list on the NYSE under the symbol SEAS. Goldman Sachs, J.P. Morgan, Citi, BofA Merrill Lynch, Barclays and Wells Fargo Securities acted as joint bookrunners on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: SEAS

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