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SeaWorld plans to file for an IPO

Leah Zanolla | Posted: Dec 17, 2012 | Updated: Oct 19, 2014 - 9:25:27 AM
SeaWorld Parks and Entertainment is in the process of filing for an IPO (initial public offering), likely to be completed in early 2013. An IPO is when a company allows the public to purchase shares for the first time. Goldman Sachs Group Inc and JPMorgan Chase & Co will lead the offering, which hopes to raise $500 million to $600 million for SeaWorld. The Blackstone Group controls SeaWorld Parks and Entertainment, a deal that happened in December 2009 for $2.3 billion.