Leland Wykoff Posted December 17, 2012 Share Posted December 17, 2012 Reuters reports the Blackstone Group LP is planning an initial public offering of SeaWorld Parks and Entertainment in the $500 to $600 million range, likely in early 2013. Blackstones use of cash and debt at SeaWorld has been characterized as "aggressive" as $600 million has been paid out in dividends to Blackstone. Management fees and consultant fees likely have been hefty as well. For the Reuters story please see: http://www.reuters.com/article/2012/12/15/us-seaworld-ipo-idUSBRE8BD1CJ20121215 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted December 17, 2012 Share Posted December 17, 2012 As would be the case right about now had Mr. Kinzel and Apollo Global had their way with FUN. 1 Quote Link to comment Share on other sites More sharing options...
Leland Wykoff Posted December 19, 2012 Author Share Posted December 19, 2012 Two days after appearing on KICentral.com the Orlando Sentinel stumbles upon the SeaWorld plans to go public. A few more details are provided along with the "declined comment" from Blackstone: http://articles.orlandosentinel.com/2012-12-17/business/os-seaworld-exploring-ipo-20121217_1_seaworld-orlando-seaworld-parks-entertainment-tampa-and-williamsburg Enjoy! Leland Wykoff Quote Link to comment Share on other sites More sharing options...
Leland Wykoff Posted December 28, 2012 Author Share Posted December 28, 2012 SeaWorld files $100 million IPO. Six Flags and Cedar Fair on watch. http://www.streetinsider.com/Trader+Talk/Six+Flags+%28SIX%29,+Cedar+Fair+%28FUN%29+On+Watch+Following+SeaWorld+IPO+Filing/7971146.html More detailed report from the DealBook at the New York Times: http://dealbook.nytimes.com/2012/12/27/seaworld-files-to-go-public/ Leland Wykoff Quote Link to comment Share on other sites More sharing options...
TTD-120-420 Posted December 28, 2012 Share Posted December 28, 2012 When do people find out how much it will cost per unit? Quote Link to comment Share on other sites More sharing options...
jzarley Posted December 31, 2012 Share Posted December 31, 2012 Some interesting financial details about the parks were released ahead of the IPO... http://www.orlandosentinel.com/business/tourism/os-cfb-tourism-1231-20121230,0,174681.story 1 Quote Link to comment Share on other sites More sharing options...
jzarley Posted December 31, 2012 Share Posted December 31, 2012 When do people find out how much it will cost per unit? That's normally not determined until just before the IPO launch (although, analysts usually make pretty accurate--in most cases--estimates ahead of time). Prior to the IPO, company management will go out on a "road show" where they'll do presentations to institutional investors, fund managers, investment banks, etc. The feedback/reaction the company gets during this period will help determine how they price the initial offering. 1 Quote Link to comment Share on other sites More sharing options...
Leland Wykoff Posted January 2, 2013 Author Share Posted January 2, 2013 More: http://www.fool.com/investing/general/2013/01/02/seaworld-gets-ready-for-its-ipo.aspx Quote Link to comment Share on other sites More sharing options...
jzarley Posted January 3, 2013 Share Posted January 3, 2013 ^ that's an interesting analysis...it definitely seems like comparing Disney stock to a potential Sea World offering is comparing apples to oranges...just by nature of their holdings, a public SW company would look a lot more like FUN or SIX than it would DIS or NBC/Universal. Quote Link to comment Share on other sites More sharing options...
Leland Wykoff Posted January 5, 2013 Author Share Posted January 5, 2013 For more thoughts on the coming SeaWorld IPO please see: http://dealbook.nytimes.com/2013/01/03/can-seaworld-make-a-splash-in-its-i-p-o/ The returns Blackstone has achieved as well as the likely returns to future shareholders is considered. Hum. Quote Link to comment Share on other sites More sharing options...
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