SFX Entertainment Announces Pricing of Its Initial Public Offering
October 08 2013 - 8:49PM
Business Wire
SFX Entertainment, Inc. (NASDAQ:SFXE), the world’s
largest producer of live events and entertainment content focused
exclusively on electronic music culture (EMC), today announced the
pricing of its initial public offering of 20 million shares of
common stock at a price to the public of $13.00 per share. All of
the shares are being offered by SFX Entertainment.
The shares are expected to begin trading on the NASDAQ Global
Select Market under the ticker symbol "SFXE" on October 9,
2013. SFX has granted the underwriters a 30-day option to purchase
up to 3 million additional shares at the initial public offering
price less the underwriting discount to cover over-allotments, if
any.
UBS Securities LLC, Jefferies LLC and Deutsche Bank Securities
Inc. are acting as joint book-running managers for the offering,
and Stifel, Nicolaus & Company, Incorporated and BTIG, LLC are
acting as co-managers.
A registration statement relating to SFX’s common stock has been
declared effective by the Securities and Exchange Commission on
October 8, 2013. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of such
state or jurisdiction.
The offering will be made solely by means of a prospectus,
copies of which may be obtained by contacting UBS Securities LLC,
Attention: Prospectus Department, 299 Park Avenue, New York, NY
10171, telephone: (888) 827-7275,Jefferies LLC, 520 Madison Ave,
12th Floor, New York, NY 10022, telephone: 877-547-6340 or email:
Prospectus_Department@Jefferies.com, or Deutsche Bank Securities
Inc., attn: Prospectus Department, 60 Wall Street, New York, New
York 10005,telephone: 800-503-4611 or email:
prospectus.cpdg@db.com.
About SFX Entertainment,
Inc.
SFX Entertainment, Inc. is the largest global producer of live
events and digital entertainment content focused exclusively on
electronic music culture (‘‘EMC’’). SFX's mission is to enable EMC
by providing fans with the best possible live experiences, music
discovery and digital connectivity with our content and the broader
EMC community. SFX produces and promotes a growing portfolio of
live events which, pro forma for all planned acquisitions,
attracted 2.8 million fans in 2012 across six continents and
includes leading brands such as Tomorrowland, TomorrowWorld,
Mysteryland, Sensation, Stereosonic, Electric Zoo, Decibel, Nature
One and Life in Color. SFX also operates Beatport, the principal
online resource for EMC DJs and a trusted destination for the
growing EMC community to discover and stream music, follow DJs and
keep abreast of news, information and events.
Media for SFX:DKC Public RelationsEd Tagliaferri,
212-981-5182edmund_tagliaferri@dkcnews.com