NEWS: Blackstone to postpone Merlin IPO

[jedimaster1227]

A new article has been released speculating the delay for an IPO for Merlin Entertainments (not a specific theme park as the article describes). That means that at least for now, you won't be owning a piece of this company under the London Stock Exchange.

 

http://www.foxbusiness.com/story/markets/industries/entertainment/blackstone-postpone-merlin-ipo/

 

Private equity firm Blackstone Group (BX: 12.8, 0.28, 2.24%) may postpone plans for an IPO for its Merlin Entertainment theme park, according to a report in The Times of London.

 

Blackstone had plans to go public with Merlin, listing the world’s second-largest theme park on the London Stock Exchange. Under the umbrella of Merlin is the Ferris wheel, the London Eye, Madame Tussauds wax museum and the Sea Life aquatic parks.

 

Blackstone also cancelled plans to list its $1.78 billion technology group Travelport due to recent volatility in the markets. The company reportedly said it has no plans to have either company go public in the near term.

 

Merlin recently announced it has brought on Charles Gurassa, former group chief executive of TUI Group, as its senior independent director, to strengthen its board.