This Just In
  • Reed Travel Exhibitions to merge the highly successful ibtm latin america and ibtm america to create ibtm americas.
  • The event debuts in Mexico City September 5-6, 2018.
  • Herve Sedky, President, Reed Exhibitions Americas says the move will bring bigger opportunities and richer experiences to exhibitors,
  • hosted buyers and visitors.
  • AC Business Media has acquired the conNextions trade show from the Door & Hardware Institute …
  • Corporate Solutions assisted in arranging, structuring and negotiation the transaction. … Terms of the deal were not disclosed.
  • MGM Resorts is adding 80,000 square feet of conference space at the Monte Carlo in Las Vegas and rebranding the Monte Carlo as the Park MGM.
  • The project includes an outdoor terrace and the 10-room executive meeting center.
  • The entire Park MGM is being tailored for smaller groups of up to 5,000 guests.

Emerald Seeks $295 Million in Upcoming Stock IPO

Hil Anderson
, Senior Editor
April 19, 2017
Share On:

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

Share On: