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Seaworld now plans to raise up to $500M in IPO

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NEW YORK (AP) — Seaworld Entertainment Inc. now plans to raise up to $500 million from its potential initial public offering, up from $100 million, according to a regulatory filing on Monday.

The company famous for water shows featuring killer whales, dolphins and other animals at SeaWorld did not disclose in the filing how many shares would be in the IPO or what the expected price range would be.

Seaworld Entertainment had said in December that it was planning an IPO.

Besides the three SeaWorld parks, the company owns two Busch Gardens parks and Sesame Place, an amusement park based on the children's TV show Sesame Street.

The company said it now plans to list on the New York Stock Exchange, instead of the Nasdaq. It still expects to trade under the "SEAS" ticker symbol, it said in a filing with the Securities and Exchange Commission.

Seaworld, which had revenue of $1.42 billion in 2012, will remain majority owned by the private equity firm Blackstone Group LP and its affiliates following the offering.

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