SeaWorld plans to file for an IPO
Dec 17, 2012
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.