
An Initial Public Offering/Flotation/New Issue is simply the first sale of shares in a company, usually to institutions like private equity houses, asset managers and pension funds. In some cases individuals can apply for shares directly at a fixed price. New Issues also occur when a quoted company issues additional shares.
9 March 2010
Merlin Entertainments Group, the operator of leisure brands including Legoland, Sea Life centres, Alton Towers, The Dungeons and The London Eye, stated that a float is a strong option for them after reporting 'recession-busting' results.
The company operates 60 attractions, six hotels and two holiday villages across 13 countries, including the UK, attracting over 38 million visitors in 2009.
Merlin is truely unique and consider themselves as "the most exiciting company in the world" with a company that is "dynamic, fast growing and fun".
The full story can be accessed here: Merlin Entertainments still eyes float after profits leap
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