Looks Like Sea World Is Headed for the Stock Exchange
Seems that Shamu is about to bet big on Wall Street, because SeaWorld is going public.
The controversial theme park operator filed for an initial public offering of stock on December 27, in a move expected to generate $100 million for the company.
But before you start planning how you and your friends are going to engineer an investor takeover of the company and free all the whales, there's one minor detail: The Blackstone Group, which owns SeaWorld, will retain a majority stake in the company.
SeaWorld stock will trade under the ticker symbol SEAS, but the company hasn't yet announced a date when shares will go on sale.
Nearly 24 million people visited SeaWorld parks last year, according to paperwork filed with the Securities and Exchange Commission.
But the company is still reeling from the gruesome death of one of its trainers, who was mauled by a captive whale in 2010.
And marine mammal activists have been pushing SeaWorld to end its captivity program altogether, arguing the practice is harmful to the whales.
Anyone up for a good old-fashioned shareholder meeting protest in 2013?
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