Report: SeaWorld IPO Could Come Soon

A filing would be a nice monetary win for Blackstone

   

Get ready, Shamu: You could be going public.

According to a Reuters report, SeaWorld Parks and Entertainment is close to filing for an IPO. The company has selected Goldman Sachs (NYSE:GS) and JPMorgan Chase (NYSE:JPM) as the lead bankers, and the offering could reach $500 million to $600 million.

Founded in the mid-1960s, the aquatic theme park chain has 11 locations across the U.S. and attracts about 25 million visitors per year.

Back in late 2009, the Blackstone Group (NYSE:BX) purchased SeaWorld from Anheuser-Busch InBev (NYSE:BUD) for $2.3 billion.

Blackstone already has taken actions to monetize its investment, including giving itself a dividend from a $500 million loan earlier this year, as well as a $100 million payout in 2011.

Tom Taulli runs the InvestorPlace blog IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He is also the author of “How to Create the Next Facebook” and “High-Profit IPO Strategies: Finding Breakout IPOs for Investors and Traders.”  Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/ipo-playbook/report-seaworld-ipo-could-come-soon/.

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