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Virgin America IPO on agenda in a year or two, CEO says
TransportVirgin America said it’s close to turning around its financial losses and could be ready for an initial public offering as early as next year. The airline reported another annual loss on Monday, but it’s aiming for a profit in the second half of the year after reworking debt it owes to Sir Richard Branson’s [...]
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AirAsia’s long haul arm planning $300 million IPO, as it expands
TransportAirAsia X Bhd., the long-haul arm of Asia’s biggest budget carrier, has started gauging investor interest for its $300 million Malaysian initial public offering. The five-year-old airline plans to offer 790.1 million shares to raise between $250 million and $300 million, according to a term sheet obtained by Bloomberg News. The Sepang, Malaysia-based company intends [...]
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Empire State Building group’s IPO cleared by judge
DestinationsA legal challenge to an ambitious plan to let the public buy shares in one of New York City’s most famous landmarks — the Empire State Building — was cast aside on Tuesday in a ruling by a Manhattan judge. Judge O. Peter Sherwood rejected arguments by a small group of current investors in the [...]
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Brazil’s Gol airline using IPO for its loyalty program to raise $565 million
TransportSmiles SA, the frequent-flier program for Brazil’s Gol Linhas Aereas Inteligentes SA, is raising as much as 1.13 billion reais ($565 million) in an initial public offering. Smiles and its shareholders are selling as many as 52.2 million shares in the primary offering for the Sao Paulo-based company at 21.70 reais each, according to a [...]
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PETA buys SeaWorld stock, gives new meaning to “activist investor”
DestinationsPETA has purchased newly issued shares of SeaWorld Entertainment Inc., the theme park company often targeted for protests by the animal rights group. PETA spokesman David Perle said Tuesday his group purchased 80 shares for more than $2,200 in last week’s initial public offering of SeaWorld stock. PETA officials say being shareholders will allow them [...]
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Updated: SeaWorld stock jumps 25 percent on first day of trading
DestinationsUpdated: SeaWorld Entertainment Inc.’s stock surged in its first day of trading on the New York Stock Exchange. The owner of theme parks famous for water shows featuring killer whales and dolphins rose $6.87, or 25.44 percent, to $38.77 in morning trading Friday. The initial public offering of 26 million shares was priced at $27 [...]
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SeaWorld IPO to list tomorrow, with company valued at $2.5 billion
DestinationsBlackstone Group LP, the buyout firm taking SeaWorld Entertainment Inc. public today, is valuing the theme-park operator more expensively than its peers after refusing takeover offers for the company. The initial public offering is seeking as much as $702 million, regulatory filings show. The midpoint of the price range values Orlando-based SeaWorld’s common stock at [...]
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SeaWorld IPO: Breaking down shares from shrimp to whales
DestinationsSeaWorld Entertainment Inc. will swim into the world of publicly traded companies this week, raising about $231.3 million on a rising wave of revenue at its fish-filled attractions. Its initial public offering is priced at $24 to $27 and will trade under the ticker symbol SEAS on the New York Stock Exchange. That values the [...]
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SeaWorld spurns bids and prices $540 million IPO
DestinationsSeaWorld Entertainment Inc. is seeking as much as $540 million in a U.S. initial public offering after owner Blackstone Group LP rejected takeover bids for the aquatic theme park operator. The Orlando, Florida-based company and existing owners will offer 20 million shares, a 22 percent stake, for $24 to $27 apiece, according to a regulatory [...]
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Mexican airline Interjet plans $1 billion IPO, wants to start flying to U.S.
TransportABC Aerolineas SA, the operator of low-cost Mexican airline Interjet, plans to raise as much as $1 billion in an initial public offering after backing away from selling shares in 2011. The owner of Mexico’s No. 2 airline by passengers expects to sell stock after September, Chairman Miguel Aleman Velasco said today in an interview [...]
