Festive greetings Thrill Seekers,
Hope you all had a wonderful Christmas break and you’re now ready for more Orlando Attraction Tickets news. The big news just breaking is that SeaWorld Parks & Entertainment owned by the Blackstone Group have officially filed to go public.
As we reported earlier this month, rumours had been circulating about the proposal to file for an IPO to help compete with rival parks Universal and Disney and it looks like this is the route Blackstone have decided to go down.
The IPO, which listed an initial registration amount of $100 million, will be managed by Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp., Barclays Plc and Wells Fargo & Co., according to the filing. Blackstone will keep most of SeaWorld’s voting rights after the IPO and the company’s ticker will be SEAS.
As well as looking to compete for visitors the proceeds from the IPO will be used to pay off debt, make a one-time payment to an affiliate of Blackstone and for “other general corporate purposes,” according to the filing
So could we be looking at more new developments at SeaWorld?