logo
Share SHARE
FONT-SIZE Plus   Neg

SFX Entertainment Prices IPO At $13/Share, At Top End Of Estimated Range

SFX Entertainment, Inc. (SFXE), 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A United Airlines gate agent barred two teenage girls from boarding a flight on Sunday for wearing leggings, noting that they failed to meet a dress code for special pass travelers. United spokesman Jonathan Guerin responded that the two girls traveling with a companion would not have been turned away for wearing leggings if they were paying customers. Alteryx, Inc., a provider of self-service data analytics software, is the latest tech company to go public in March. Alteryx said it has priced its IPO of 9 million shares of its Class A common stock at $14 per share, at the top end of its range of $12 to $14 per share. Dunkin' Donuts is bidding adieu to one of its frozen coffee beverages this summer. However, loyal fans of the decades-old menu staple have not taken kindly to the news. The coffee chain said it will discontinue its popular Coffee Coolatta beverage this summer and instead, introduce the new Frozen Dunkin' Coffee, made with coffee extract, sugar and milk.
comments powered by Disqus
Follow RTT