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SFX plotting IPO
By Chris Cooke | Published on Thursday 27 June 2013
SFX, the latest company from entertainment industry veteran Robert Sillerman, is floating already.
The firm has filed papers with the US Securities And Exchange Commission confirming it will seek to raise up to $175 million via an initial public offering. It’s not known how many shares will be floated, and what stake in the overall company that will represent.
As previously reported, Sillerman’s new SFX company has focused very much on the newly lucrative (in the US) EDM market, buying up various promoters in the dance music space and EDM-focused digital music service Beatport.
