SFX Entertainment, Inc. (SFXE: Quote), the world's largest producer of live events and entertainment content focused exclusively on electronic music culture, announced the pricing of initial public offering of 20 million shares of common stock at $13 per share, which represents top end of expected range.
In the amended filing with the SEC, the company had expected to price the initial public offering of 4.65 million common shares of between $11.00 and $13.00 per share.
The New York based company shares are expected to begin trading on the NASDAQ Global Select Market under the ticker symbol "SFXE" on October 9, 2013.
SFX, which was founded in 2011, has granted the underwriters a 30-day option to purchase up to 3 million additional shares at the initial public offering price less the underwriting discount to cover over-allotments, if any.
UBS Securities LLC, Jefferies LLC and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering, and Stifel, Nicolaus & Company, Incorporated and BTIG, LLC are acting as co-managers.
Click here to receive FREE breaking news email alerts for SFX Entertainment and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com