Seaworld plans to raise $540m in IPO

SeaWorld Entertainment, the aquatic theme-park operator owned by Blackstone Group, is seeking to raise as much as $540m in its initial public offering (IPO). About 20-million shares are being sold at $24 to $27 apiece, SeaWorld said yesterday. Existing stockholders are offering 10-million shares, while SeaWorld is offering the rest. The offered shares will be equal to about 22% of the theme-park operator’s shares outstanding once the sale is completed.