1. Making Waves

    SeaWorld Entertainment Plans IPO

    ORLANDO, FL - MARCH 30:  Killer whale "Tilikum" appears during its performance in its show "Believe" at Sea World on March 30, 2011 in Orlando, Florida.  "Tilikum" is back to public performance March 30, the first time since the six-ton whale has performed since killing trainer 40-year-old trainer Dawn Brancheau at the marine park on February 24 2010, after Sea World Parks & Entertainment president Jim Atchinson signed off on the decision this week. (Photo by Gerardo Mora/Getty Images)

    Gerardo Mora/Getty

    Shamu is going public. SeaWorld Parks & Entertainment has filed initial paperwork to become a publicly traded company. The move comes three years after a $2.3 billion buyout by Blackstone Group, which will likely maintain a majority stake in a publicly traded company. The IPO is expected to raise between $500 million and $700 million. SeaWorld Entertainment, which owns SeaWorld, Busch Gardens, and other theme parks, earned $86 million in the first nine months of this year, up 73% from the year before.

    Read it at The Wall Street Journal