Blackstone Group's SeaWorld Parks and Entertainment set the price range of its initial public offering at $24 to $27 per share, valuing the company at up to $2.5 billion. At the high end, the IPO would raise $540 million.SeaWorld and selling shareholders are selling 10 million shares each.The company plans to use the funds it raises to repay debt.SeaWorld, which is perhaps best known for its performing killer whale Shamu, applied for a $100 million IPO in December and raised this to $500 million on Monday.
The Blackstone Group L.P. (Blackstone) is a United States-based company that is a manager of private capital and provider of financial advisory services. Shares of BX remained unchanged at $20.27. In the past year, the shares have traded as low as $11.13 and as high as $21.09. On average, 5268530 shares of BX exchange hands on a given day and today's volume is recorded at 0.
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