Gillian Tan, Columnist

Blackstone's SeaWorld Stake Turns Minnow

The share price has shrunk in half since the 2013 IPO, underscoring the preference for sales of companies.

August 5, 2016 at 3:39 PM UTC

Gillian Tan is a senior reporter covering finance and alternative asset classes including real estate, infrastructure, private equity, private credit, venture capital and sports business. She previously wrote an opinion column for Bloomberg and was a reporter at the Wall Street Journal. She is a qualified chartered accountant.

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SeaWorld Entertainment's latest nose dive is a tough swallow for its biggest shareholder, Blackstone.

The theme park operator's shares on Thursday posted their biggest daily drop since August 2014, sinking 13.2 percent to a record low after the company cut its earnings outlook for the year and reported weak attendance in Florida.