April 26, 2017
This Just In

  • The architect for Messe Frankfurt’s new Hall 5 has been selected. Gruber + Kleine-Kraneburg will design the building, which opens in 2022.
  • The design will mirror the current two-story Hall 5, but with a column-free first level. Work begins when the Hall 6 renovation is finished.
  • The American Association of Sleep Technologists (AAST) signed with SmithBucklin to provide full-service association management services.
  • Abigail Lynn will serve as Executive Director for AAST, which will move its headquarters to SmithBucklin’s Chicago office on July 1.
  • The Albany Capital Center in upstate New York opened in March with 60+ events on the books for 2017. The overall project cost $78 million.
  • The new center, which is managed by SMG, has approximately 31,700 sf of meeting/exhibit space that can accommodate up to 5,000 people.
  • The San Diego Convention Center (SDCC) is now a LEED GOLD facility, meeting the standards set by the U.S. Green Building Council.
  • New energy-efficient LED lighting, composting all food scraps and low-flow plumbing in restrooms helped the SDCC achieve the Gold rating.

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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