Categories: Sea World
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