Blackstone To Unload Another 6M Shares In SeaWorld IPO

Law360, New York (April 18, 2013, 3:17 PM EDT) -- SeaWorld Entertainment Inc. on Thursday increased the number of shares to be offered in its public-trading debut to 26 million, tacking on another 6 million shares from the trove of private equity titan Blackstone Group LP.

The New York investment firm had originally pledged to sell 10 million shares, matching the stock cache set to be sold by the company itself. Under its revised plan to 16 million shares instead, Blackstone will reduce its SeaWorld holding from around 68 percent to 63 percent.

Earlier this month,...
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