Shamu plans to soak Wall Street with a greater splash than previously thought.
SeaWorld Entertainment Inc. — the company known for its performing killer whale — could raise $540 million in an initial public offering on the New York Stock Exchange.
That’s $440 million more than its initial filing in December showed, and $40 million larger than a filing Monday.
Now, the theme park company said it plans to offer 20 million shares priced between $24 and $27, according to a Tuesday filing with the Securities and Exchange Commission. Underwriters have an option to purchase 3 million additional shares, potentially boosting the IPO to $621 million.
Investment firm Blackstone Group purchased SeaWorld from Anheuser-Busch InBev in 2009. SeaWorld said it plans to use its proceeds from the IPO to make a payment to Blackstone and pay down debt.