Friday, April 19, 2013

SeaWorld Stock To Begin Trading Today



ORLANDO, Florida -- For those wanting to become a part owner of Shamu, SeaWorld stock shares are expected to begin trading on the New York Stock Exchange today in a initial public offering of 26,000,000 shares of its common stock priced at $27.00 per share.  

SeaWorld Entertainment says it intends to use approximately $47 million of the net proceeds from the offering to make a one-time payment to an affiliate of The Blackstone Group, L.P., in connection with the termination of a management advisory agreement.


PHOTO: Brevard Times / File


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