SeaWorld Tries to Make a Splash With Its IPO

SeaWorld Entertainment (NYSE: SEAS  ) started trading on the New York Stock Exchange Friday with an initial public offering of 10 million shares by the company, and 16 million shares offered by the selling stockholders, The Blackstone Group (NYSE: BX  ) . There are 92.7 million shares outstanding after the offering.

The IPO price was listed at $27 a share.

The Blackstone Group had control of SeaWorld Entertainment before the IPO and will continue to have a majority of the voting shares of the outstanding common stock.

SeaWorld says it intends to pay a cash dividend on its common stock. Beginning in the second quarter of 2013, the company will pay a $0.20 dividend each quarter.

SeaWorld Entertainment owns 11 theme parks in all. They are located in Orlando and Tampa, Fla., San Diego, Calif., San Antonio, Texas, Williamsburg, Va., and Langhorne, Pa.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2374916, ~/Articles/ArticleHandler.aspx, 9/22/2014 8:37:13 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement