Leah Zanolla | Posted: Apr 10, 2013 | Updated: Apr 10, 2013 – 2:35:43 PM

SeaWorld Parks Entertainment is no longer formulation to sell SeaWorld by a private sale, they have motionless to go forward with a initial open batch charity (IPO) they had been deliberation given December. The strange suspicion was that a IPO would lift around $100 million; a aim has now been lifted to $500 million.

2012 was a good year financially; SeaWorld Entertainment reports a 300 percent distinction jump, adult to $77.4 million from usually $19.1 million in 2011. Revenue for a 10 SeaWorld parks was adult 7 percent to $1.4 billion. In annoy of aloft sheet prices, sheet sales were adult 7 percent to $884 million. Attendance for a year grew as well, with some-more than 24 million visitors entering a company’s thesis parks. Due to this aloft attendance, food and sell sales were also adult 7 percent, to $540 million.

Despite this, a association has “$1.8 billion in long-term debt and $449 million in equity,” so it is expected that a IPO will be used to compensate down some of this debt.

Blackstone Group, a private-equity firm, has owned SeaWorld given 2009. The marketplace name would be SeaWorld Entertainment Inc. and trade underneath a pitch SEAS.

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