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News Summary: SeaWorld plans $100 million IPO

(AP) - FISHING FOR INVESTORS: SeaWorld Entertainment Inc. is looking to go public, with an initial goal of raising $100 million through an initial public offering. The company is owned by private equity firm Blackstone Group LP and plans to use money from the IPO to pay debt and make a payment to Blackstone.

NEW WAVE: SeaWorld plans to use the "SEAS" ticker symbol. It didn't say what exchange it expects to trade on.

STILL AT SEA: SeaWorld did not list a date for the offering. The Orlando, Fla., company also did not say how many shares would be sold, or for how much.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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