This Just In
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  • 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 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

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