Thursday, December 27, 2012

Want to Own a Part of SeaWorld?

If you're in the market for a new investment, you could soon be able to be a part owner of SeaWorld Parks and Entertainment, though technically it will be known as SeaWorld Entertainment Inc. if the offering goes though.

Paperwork has been filed that would start the process of a initial public offering of stock in the company, which would be spun off of the Blackstone Group, who purchased the chain of theme, water, and animal parks in 2009 from Anheuser-Busch InBev.  Blackstone would still own a majority of the shares, keeping it as the largest owner of the new public company.

A story from the Wall Street Journal points out that this is very tough time for public offerings in general, and depending on many economic factors the offering could be delayed, or cancelled all together.  If the plan moves forward the company will be traded under the symbol SEAS.  All parks that are currently a part of SeaWorld Parks and Entertainment, including the Busch Gardens properties, would be included in the new company.