Confirmed: SFX To Go IPO
September 30, 2013 at 12:11 PM (PT)
As reported earlier (NET NEWS, 6/27), ROBERT SILLERMAN, the man behind the concert giant LIVE NATION, is putting SFX Entertainment and its EDM promotion firms up for an IPO, HYPEBOT reports. SFX, which controls BEATPORT, TOMORROWLAND, SENSATION and other major EDM players, puts the value of the company at $1.1 billion.
SFX will be offering 16.7 million shares priced between $11 and $13 dollars per share for a total value of $175-$200 million. The company also filed a request to be listed on the NASDAQ Global Market under the symbol SFXE.
SFX reported $185 million in sales for the 12 months that ended JUNE 30th, 2013.