This Just In
  • The AHLA says the Dept. of Homeland Security will expand the number of H-2B seasonal guest worker visas available for this fiscal year.
  • The increase in H2-B visas will help small and seasonal businesses to meet workforce demands critical in peak tourist periods.
  • SMG signed a 3-year agreement to continue managing Cobo Center in Detroit. SMG has been the management firm for Cobo since 2010.
  • Highlights of SMG’s tenure include oversight of a major renovation, reduced operating deficit and creation of a technology department.
  • Ground was broken June 20 on the expansion of the MGM Grand Conference Center in Las Vegas. The 250,000-sf project will wrap up next year.
  • The $130 million expansion includes two new ballrooms, 11 breakout rooms and additional space for the center’s Stay Well Meetings feature.
  • The Louisville Downtown Marriott Hotel is undergoing a $30 million renovation slated for completion in August 2018. The hotel remains open.
  • The Marriott is attached to the Kentucky International Convention Center and offers 50,000 sf of meeting space and 616 guest rooms.
  • AEG plans to acquire four acres in downtown Nashville to be developed as a mixed-use entertainment district at SWVP’s Nashville Yards.
  • The mixed-use district will be anchored by a 4,000-capacity music hall, luxury theatre, live entertainment club, boutique hotel & more.

Emerald Expositions to Begin Trading on New York Stock Exchange

Sandi Cain
, News Editor
April 27, 2017
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San Juan Capistrano, Calif. – Emerald Expositions Events Inc.’s stock is set to start trading on the New York Stock Exchange April 28, 2017. The offering will trade under the symbol EEX and is expected to close May 3. The initial public offering price on 15.5 million shares of common stock is $17 per share.

The 15.5 million shares include 10,333,333 to be sold by the company plus 5,166,667 shares to be sold by stockholders affiliated with Onex Corp. The company will not receive proceeds from the sale of shares by the selling stockholders.

The securities are offered only by means of a prospectus from BofA Merrill Lynch, Barclays and Goldman Sachs & Co. all of which are book-running managers of the proposed offering and representatives of the underwriters. Other joint book-running managers are Citigroup, Credit Suisse, Deutsche Bank Securities and RBC Capital Markets. More information about obtaining the prospectus can be found in the news section of the company website at www.emeraldexpositions.com/news.

Emerald Expositions currently operates more than 55 trade shows in the following sectors: gift, home and general merchandise; sports; design and construction; technology; jewelry; photography, food, healthcare, industrial and military. In addition, Emerald operates 70 events in other formats, including B2B conferences, B2C events, awards, summits and luxury private sales. Its first event post-IPO will be the How Design Live show at the Hyatt Regency in Chicago next week.

Reach Philip Evans, Chief Financial Officer at (866) 339-4688 or investor.relations@emeraldexpo.com

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