SeaWorld sets terms for $510 million IPO

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SeaWorld Entertainment, which operates 11 US theme parks under brands such as SeaWorld and Busch Gardens, announced terms for its IPO on Tuesday. The Orlando, FL-based company plans to raise $510 million by offering 20 million shares (50% insider) at a price range of $24 to $27. At the midpoint of the proposed range, SeaWorld Entertainment would command a market value of $2.4 billion. SeaWorld Entertainment, which was founded in 1959 and booked $1.4 billion in sales for the 12 months ended 12/31/2012, plans to list on the NYSE under the symbol SEAS.  Goldman Sachs, J.P. Morgan, Citi, BofA Merril Lynch, Barclays and Wells Fargo are the 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 The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: SEAS

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