News Summary: SeaWorld rises in trading debut
NEW YORK (AP) — SPLASHY START: SeaWorld Entertainment Inc. surged in its first day trading on the New York Stock Exchange on Friday. The company and its backers raised $702 million.
THE DETAILS: The initial public offering of 26 million shares was priced at $27 per share, at the high end of the expected range of $24 to $27 per share. The number of shares offered also increased from the 20 million shares that SeaWorld and its owner, private equity firm Blackstone Group LP, had hoped to sell.
FISHING POST: The shares are trading under the "SEAS" ticker symbol.