Theme park and entertainment company SeaWorld Entertainment Inc. said it has filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock, par value $0.01 per share. Following the IPO completion, The Blackstone Group L.P.'s affiliates would continue to own a majority of the voting power of all outstanding shares.
On December 1, 2009, investment funds affiliated with The Blackstone Group L.P. and certain co-investors, via, SeaWorld Entertainment, Inc. and its unit, SeaWorld Parks & Entertainment, Inc., acquired all of the equity interests of Sea World LLC and SeaWorld Parks & Entertainment LLC from certain divisions of Anheuser-Busch Companies, Inc.
The company plans to list the common stock under the symbol "SEAS."
by RTT Staff Writer
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