Merlin Entertainments has announces plans to hold an initial public offering (IPO).
The company, which currently operates 99 attractions in 22 countries under a range of brands including Madame Tussauds, Sea Life and Legoland, plans to list its shares on the London Stock Exchange.
“Merlin Entertainments comes to the market with a consistent record of strong growth in both revenues and profits and bright prospects for the future,” said the company’s CEO, Nick Varney.
“The IPO will provide Merlin with the platform for our next stage of development and allow us to plan for the longer term. As such we are very excited about this next chapter of our story, and look forward to creating value for our shareholders and more magic for our customers.”
Merlin is currently in the process of a major expansion strategy, and recently unveiled plans for a new Madame Tussauds in Beijing and a major aquarium in Istanbul. The company said the IPO “will position Merlin for the next stage of its development by providing the appropriate long-term ownership structure”.