Walt Disney World news

SeaWorld files to publicly sell stock

Leah Zanolla | Posted: Dec 27, 2012 | Updated: Dec 27, 2012 - 2:10:47 PM
As rumored last week, SeaWorld Parks & Entertainment filed December 27 to publicly sell up to $100 million in shares. The Blackstone Group, who will keep a majority stake, and rename the company SeaWorld Entertainment Inc., currently owns the company. SeaWorld will be traded under the name "SEAS".

SeaWorld is seeing growth in numbers from all aspects of the company. Operating profit for January through September of this year was up 34 percent from last year, hitting $229 million. Revenue was at $1.2 billion, up 7.6 percent. Over the last year, the company's 11 U.S. parks saw more than 24 million visitors. This is an increase in 4 percent from last year, and is mostly coming from the three SeaWorld parks and Busch Gardens Williamsburg.

The company hopes to raise between $500 million and $600 million from the IPO, part of which would be used to pay back the Blackstone Group for the initial purchase of the parks. Only one-third of their original investment remains to be repaid.


dis-logo

Daily Email DIS Updates

Stay Informed With All Things Disney!

Enter your email address below to receive DIS Updates by email – including News, Blogs, Podcasts, Discounts, and Disney Updates.

Sign Up!

Sign Up & Win A Prize!

img-disney-gift-cardEach month we select one of our subscribers at random and give away a prize! Prizes range from a $50 Disney Gift Card, Adventures by Disney trip for two, or a 7 day/6 night stay at Walt Disney World with dining for a family of four!


See AllDIS UPDATES
See AllRECENT DISCUSSIONS
disney discussion forums

More Info ORLANDO HOTELS