Legoland owner considers IPO
Courtesy of Legoland Florida, Merlin Entertainments Group, Chip Litherland
Legoland Florida
- Staff Tampa Bay Business Journal
Amusement park fans may soon be able to invest in Legoland Florida[1] stock.
Legoland’s owner, Merlin Entertainments Group of England, may hold an initial public offering, the Sarasota Herald-Tribune said. The IPO would likely be offered on the London stock exchange although the company is exploring all options.
Merlin will likely list by 2014. Three years ago it weighed an IPO, but ultimately decided to sell a stake in the company to CVC Capital Partners Ltd., the Herald-Tribune said. Raising cash would give Merlin the opportunity to expand in the U.S. and Asia as well as pay down debt of $1.92 billion.
References
- ^ Legoland Florida (www.bizjournals.com)