This Just In
  • Mad Event Management is launching UAS/Drones for Disaster Response April 19-20 in Miami. First responders are the target audience.
  • National Association of Chain Drug Stores OK’d a 3-year deal with CompuSystems for registration at their meeting and Total Store Expo.
  • Quebec-based ExpoPromotion has sold Montreal Home Expo and Montreal Fall Home Expo to Cleveland-based home show producer Marketplace Events.
  • Access Intelligence will launch Global Esports Business Summit for the esports industry Oct. 1-3 at Caesars Palace in Las Vegas.
  • Renovation of the Cleveland Marriott Downtown at Key Center’s lobby, ballroom, and meeting space is scheduled for completion this summer.
  • UBM has acquired Grupo CanalEnergia, an organizer of events in the Brazilian renewable energy sector.
  • The grand opening of the new downtown Omni Louisville Hotel next to the Kentucky International Convention Center was March 6.
  • The grand opening of the Fairmont Austin was March 5. It has 140,000 sf of event space, and direct access to the Austin Convention Center.
  • A new Industry Insight Series Report from CEIR is a practical guide to integrating effective engagement tactics in exhibit booth design.
  • Freeman was named an approved partner for all Mobile World Congress events globally as part of a 3-year deal with event producer GSMA.

Emerald Exposition Seeks Green Light for Stock IPO

Hil Anderson
, Senior Editor
April 3, 2017
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San Juan Capistrano, Calif. – Emerald Expositions took the first step toward an initial public offering (IPO) of shares on the New York Stock Exchange by filing an application with U.S. Securities and Exchange Commission (SEC).

The Form S-1 was filed with the SEC on Friday, March 31 with no announcement from either Emerald or its equity owners, Onex Corp., which had earlier this year reportedly put Emerald up for sale earlier this year.

Emerald had no immediate comment on the eventual value of the shares or when they would begin trading on the New York Stock Exchange using the symbol EEX.

The filings indicated that Onex would continue to own the majority of the common stock, even after giving shares to the selling stockholders. “As a result, we expect to be a ‘controlled company’ within the meaning of the corporate governance standards of the New York Stock Exchange,” the paperwork stated.

The filing further stated that Emerald plans on using the IPO net proceeds to first pay off remaining debt. “The principal purposes of this offering are to reduce our financial leverage, increase our capitalization and financial flexibility, create a public market for our common stock and enable access to the public equity markets for us and our stockholders,” it said. “We intend to use the net proceeds to us from this offering to repay (unspecified dollar amount) of borrowings outstanding under the Term Loan Facility with the balance, if any, for working capital and other general corporate purposes.”

Onex said in its 2016 earnings report that Emerald reported earnings of $323 million for the year, a 5% increase over 2015, due largely to organic growth and acquisitions.

The projected outcome of the IPO points to a potential tectonic shift for the U.S. trade show industry. Emerald is the largest U.S.-controlled exhibitions organizer in a period that has seen aggressive pushes into North America by major European organizers, such as UBM, Informa and the already established Reed Exhibitions.

Emerald itself has been in an expansionist mode in recent years. In the last six months, Emerald acquired Digital Dealer Conference & Expo; National Pavement Expo; RFID Journal LIVE!; International Drone Conference and Exposition; and the CEDIA trade show.

Emerald was the leading show management company on the latest Trade Show Executive Gold 100 with a dozen of the largest trade shows in North America. And three Emerald shows were on the latest TSE Fastest 50.

Reach Chief Financial Officer Philip Evans at (949) 226-5700 or

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