This Just In
  • Corporate Solutions says combining the SIA Snow Show & Emerald’s Outdoor Retailer will grow the event and entire outdoor sports industry.
  • Corporate Solutions advised SIA in the blockbuster sale. The firm is predicting more exhibition industry deals in the coming months.
  • Emerald Expositions is the new owner of the SIA Snow Show. The Gold 100 show will be merged with Emerald’s Outdoor Retailer.
  • The combined show will be called Outdoor Retailer + Snow Show and is expected to debut in Denver in January 2018.
  • The event marketing firm mdg is opening an office in Chicago. It is the company’s fourth office nationwide and will serve the Midwest market
  • Marketing executive Leana Salamah joins mdg to run the office, which opens June 1. Key staff include event and marketing specialists.
  • Spargo and Britain’s Far Horizons Tourism are partnering in a new housing-management company serving cross-border meetings and events.
  • The new venture is GCA Global Congress Accommodations and will work with show organizers worldwide thorough offices in Europe and the U.S.

Emerald Seeks $295 Million in Upcoming Stock IPO

Hil Anderson
, Senior Editor
April 19, 2017
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New York – Emerald Expositions plans to raise $295 million when its upcoming IPO takes place on the New York Stock Exchange. The announcement was made April 17.

Renaissance Capital said 15.5 million shares of Emerald Expositions would be offered on the New York Stock Exchange under the symbol EEX. The share price was pegged at $18 to $20 with official pricing taking place the week of April 24.

The offering means that at $19 per share, Emerald would have a fully diluted market value of $1.4 billion and an enterprise value of $1.9 billion, Renaissance said. Bank of America Merrill Lynch leads a cadre of investment banks as the book runners of the IPO.

Emerald’s equity ownership, Onex Corp., filed for the IPO on March 31. 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.

California-based 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. Emerald shows were on the latest TSE Fastest 50, as well.

Reach Emerald Chief Financial Officer Philip Evans at (949) 226-5700 or philip.evans@emeraldexpo.com

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