Thursday, December 27, 2012

SeaWorld files to go public with $100 million IPO

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 parks, the company owns two Busch Gardens parks and Sesame Place, an amusement park based on the children's TV show Sesame Street. The company has looked for ways to stay competitive in the current 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, SeaWorld said in a filing with the Securities and Exchange Commission. [...] SeaWorld 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.

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