SeaWorld Entertainment Inc. filed for an initial public offering of stock Thursday with an initial goal of raising $100 million. SeaWorld’s owner, Blackstone Group LP, will likely sell some of its stake in the deal. But the private equity firm will still own a majority of the voting power of the company’s shares after the IPO, the company said in a filing with the Securities and Exchange Commission.
SeaWorld plans to use money from the IPO to pay debt and make a payment to Blackstone. Blackstone bought SeaWorld from beer brewer Anheuser-Busch InBev in 2009 in a deal worth at least $2.3 billion.
The Orlando, Fla., theme park company did not list a date, nor say how many shares would be sold.