April 19, 2013
SeaWorld Entertainment Inc.'s stock surged in its first day of trading on the New York Stock Exchange.
The owner of theme parks famous for water shows featuring killer whales and dolphins rose $3.82, or 14.2 percent, to $30.82 in morning trading Friday after rising as high as $31.48 earlier.
The initial public offering of 26 million shares was priced at $27 per share, which was at the high end of the expected range of $24 to $27 per share.
The IPO's size also increased from the 20 million shares that SeaWorld and its owner, private equity firm Blackstone Group LP, had hoped to sell.
The stock is trading under the "SEAS" ticker symbol.
The offering is expected to close on Wednesday.