This Just In
  • The Meetings Mean Business Coalition (MMBC) relaunched its Worth Meeting About campaign to highlight the value of face-to-face meetings.
  • The campaign will crowdsource stories & testimonials on social media to develop a set of case studies and to create an online conversation.
  • Cobo Center will host the North American International Auto Show through 2025, after the show signed a new 8-year deal with Cobo in July.
  • SMG, which manages Cobo, signed its first agreement with the auto show in 2012. The NAIAS annually draws more than 800,000 attendees.
  • Effective Aug 1, 2017, the San Diego Convention Center (SDCC) will transition to ESCA's Worker Identification System (WIS) Badge.
  • The change takes full effect in Jan 1, 2018. Show workers will be required to carry a WIS badge or the credential issued by the SDCC.
  • The Consumer Technology Association, organizers of the annual CES show, was named one of Washington’s Top Workplaces by the Washington Post.
  • The CTA has made the prestigious list for four consecutive years. The rankings are based on employee responses about workplace culture.
  • Comexposium has launched a joint venture with Indonesia’s Amara Group. The partnership includes running the GIIAS auto show in Jakarta.
  • The partnership plans to increase international attendance at GIIAS and launch a new expo for Indonesia’s bus-and-truck market.

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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