SeaWorld Will Take Its Killer Whales Public

by Tom Taulli | December 27, 2012 11:25 am

SeaWorld Entertainment has filed for an IPO[1]. SeaWorld operates 11 amusement parks, which are home to 67,000 marine and terrestrial animals, including 28 killer whales!

The offering’s lead underwriters include Goldman Sachs (NYSE:GS[2]), JPMorgan Chase (NYSE:JPM[3]), Citigroup (NYSE:C[4]), BofA Merrill Lynch (NYSE:BAC[5]), Barclays (NYSE:BCS[6]) and Wells Fargo (NYSE:WFC[7]). While the proposed ticker is “SEAS,” the Securities & Exchange filing didn’t mention which exchange the company will list on.

And yes, the financials are solid. For the first nine months of 2012, revenues went from $1.079 billion to $1.161 billion. During this time, operating income climbed from $170.3 million to $228.7 million.

Back in late 2009, Anheuser-Busch InBev sold its SeaWorld division to private equity powerhouse Blackstone Group (NYSE:BX[8]). The price tag was $2.7 billion.

SeaWorld plans to use the IPO proceeds to pare down its debt and pay a one-time distribution to Blackstone.

Tom Taulli runs the InvestorPlace blog IPO Playbook[9], 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[10]” and “High-Profit IPO Strategies: Finding Breakout IPOs for Investors and Traders[11].”  Follow him on Twitter at @ttaulli[12]. As of this writing, he did not hold a position in any of the aforementioned securities.

  1. filed for an IPO:
  2. GS:
  3. JPM:
  4. C:
  5. BAC:
  6. BCS:
  7. WFC:
  8. BX:
  9. IPO Playbook:
  10. How to Create the Next Facebook:
  11. High-Profit IPO Strategies: Finding Breakout IPOs for Investors and Traders:
  12. @ttaulli:

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