SFX Entertainment files for $175 million IPO
by: Amanda Claudio
Jun 25, 2013
SFX Entertainment is preparing to become a public company with the announcement that they’ve filed for a $175 million initial public offering (IPO). Reuters is reporting that SFX plans to use the “proceeds of the IPO to fund acquisitions, working capital, and general corporate purposes.” Sillerman has already snatched up Beatport and ID&T but with the global dance music market valued at $4.5 billion there’s plenty more profit to be made.
Categories: News