SeaWorld Said to Choose Goldman Sachs, JPMorgan for 2013 IPO
SeaWorld Parks & Entertainment Inc., the operator of aquatic amusement parks, hired Goldman Sachs Group Inc. (GS) and JPMorgan Chase & Co. to manage an initial public offering, said two people with knowledge of the matter.
The company may go public in early 2013 and raise at least $500 million, said the people, who asked not to be named because the information is private.
SeaWorld, owned by Blackstone Group LP (BX), has 10 parks including locations in Orlando, Florida, San Diego, California, and San Antonio, Texas, according to the Orlando-based company’s website.
Peter Rose, a spokesman for New York-based Blackstone, and Michael DuVally, a spokesman for New York-based Goldman Sachs, declined to comment. Jennifer Zuccarelli, a spokeswoman for JPMorgan, didn’t respond to a call outside of normal business hours seeking comment.
Reuters reported previously that SeaWorld is planning an IPO next year.
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