SeaWorld raises $702 million in IPO
Apr 19, 2013
SeaWorld Entertainment Inc. went public with an initial public offering (IPO) on Thursday, April 18, and raised $702 million. The IPO was priced at 26 million shares at $27 per share and was valued at $2.5 billion. SeaWorld sold 10 million shares and Blackstone Group (SeaWorld's owner) sold another 16 million. The IPO was underwritten by Goldman Sachs and JP Morgan. The shares will be traded on the New York Stock Exchange under the symbol SEAS.