Friday, December 28, 2012

Blackstone bought SeaWorld, formerly Busch Entertainment Corp., from beer brewer Anheuser-Busch InBe




The company famous for water shows featuring killer whales, dolphins and other animals at SeaWorld said Thursday that it is planning to go public. SeaWorld Entertainment Inc. has filed for an initial public offering of stock aimed at raising $100 million. That number is likely to change as the company's bankers gauge interest map of new orleans hotels from investors.
From its origins as a Busch Gardens animal park at Anheuser-Busch's Tampa Budweiser brewery, the company has grown to span 11 theme parks housing 67,000 animals. Besides the three SeaWorld map of new orleans hotels parks, the company owns two Busch Gardens parks and Sesame Place, an amusement park based on the children's TV show Sesame Street.
FILE - In this Monday, March 7, 2011, file photo, park guests watch as a killer whale flips out of the water at SeaWorld Orlando's Shamu Stadium in Orlando, Fla. SeaWorld Entertainment Inc. on Thursday, Dec. 27, 2012, filed for an initial public offering of stockthat could raise $100 million.
FISHING FOR INVESTORS: SeaWorld Entertainment Inc. is looking to go public, with an initial goal of raising $100 million through an initial public offering. The company is owned by private equity firm Blackstone Group LP and plans to use money from the IPO to pay debt and make a payment to Blackstone.
Facebook Inc. has had a rocky initial public offering of stock. There were trading glitches on its first day of trading and concerns since then about Facebook s revenue potential. Facebook also is facing map of new orleans hotels dozens of lawsuits from disgruntled shareholders. Here s a look at key developments in Facebook s stock.
They ve been arguing about a name for 106 years. A small brewer in the Czech Republic and the world s biggest beer maker have been suing each other over the right to put the word Budweiser on their bottles in what has become a David versus Goliath corporate saga.
On Monday, Apple s surging stock propelled the company s value to $623 billion, map of new orleans hotels the world s highest, ever. It beat the record for market capitalization set by Microsoft Corp. in the heady days of the Internet boom.
The company warns that its business is dependent on customers' willingness to spend on leisure and entertainment - which may be a tough proposition in a still-weak U.S. economy. Still, SeaWorld's revenue map of new orleans hotels has risen in the three years that it's been owned by private equity map of new orleans hotels firm Blackstone map of new orleans hotels Group LP. The company has looked for ways to stay competitive in the current map of new orleans hotels market, branching out this year with a Saturday morning television show, "Sea Rescue," on the ABC network to attract young viewers.
Blackstone is expected to sell some of its stock in the IPO but keep a majority stake, map of new orleans hotels SeaWorld said in a filing with the Securities and Exchange Commission. SeaWorld plans to use money raised in the IPO to pay down debt and make a payment to the New York-based firm.
Blackstone bought SeaWorld, formerly Busch Entertainment Corp., from beer brewer Anheuser-Busch InBev in 2009 for $2.3 billion. The Belgian company was shedding assets to help pay for its $52 billion takeover of St. Louis-based Anheuser-Busch in 2008.
Anheuser-Busch started Busch Gardens in Tampa in 1959. The beer company bought SeaWorld, whose park opened in San Diego in 1964, in 1989. SeaWorld is now based in the theme park mecca of Orlando, Fla., also home to Walt Disney Co.'s Walt Disney map of new orleans hotels World resort and Universal map of new orleans hotels Studios. More than half of the company's revenue is generated in Florida.
SeaWorld said about 24 million people attended its 11 parks during the 12 months ended Sept. 30. The company map of new orleans hotels did not disclose how that figure has grown or shrank in the past few years, but says it has a "stable attendance base." In the first nine months of 2012, SeaWorld's profit jumped map of new orleans hotels 73 percent to $86.2 million from $50 million a year earlier, as revenue rose nearly 8 percent to $1.16 billion.
Some of the company's competitors have had a difficult climb back from the recession. Amusement park operator map of new orleans hotels Six Flags Entertainment Corp. filed for Chapter 11 bankruptcy protection in 2009, emerging in mid-2010. It has been growing revenue since then, although it posted a loss in 2011.
SeaWorld, which plans to trade under the ticker "SEAS" on the Nasdaq, did not name a date for its IPO or detail how many shares will be sold, and at what price, in its filing with regulators. But SeaWorld map of new orleans hotels did warn investors of the risks involved with having its animals interact with human visitors, noting that accidents could hurt its parks' reputation and attendance. In 2010, a trainer at its SeaWorld map of new orleans hotels Orlando park was killed by an orca, or killer, whale. Last month an 8-year-old Georgia girl said a dolphin at the same Orlando park bit her hand while she fed the animal as part of an attraction.
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