Explaining Southern California's economy

Shamu goes public: Could SeaWorld's IPO retire a whale of debt?

Baby Killer Whale Born At SeaWorld San Diego

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A mother and baby orcas, also called killer whales, swim at Sea World in San Diego. The company just filed for a $100 million IPO, much of which may go to put a dent in $1.7 billion of debt.

Last week, SeaWorld and its iconic orcas filed with the Securities and Exchange Commission for an initial public offering. It's fair to call this the "Shamu IPO," even though the original Shamu, who performed at the original SeaWorld in San Diego, died in 1971. SeaWorld has kept the moniker around as a sort of branded stage name for orcas.

SeaWorld also operates marine-based theme parks in Orlando, Florida, and San Antonio, Texas; the parent company, SeaWorld Parks & Entertainment, runs eight other venues in the U.S. And that parent company is owned by Blackstone, a huge private equity firm that bought SeaWord from Anheuser-Busch in 2009.

(Blackstone, with another aspect of its business, also managed the sale of the Dodgers last year and is currently involved with the sale of sports and entertainment colossus AEG.)

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