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NEWS
Falcon’s Beyond, raises US$100m and begins trading on Nasdaq
POSTED 22 Oct 2023 . BY Tom Walker
Falcon's Beyond operates visitor attractions and hotels, as well as delivers entertainment experiences at theme parks Credit: Falcon's Beyond
Falcon’s Beyond Global has begun trading on the Nasdaq stock exchange, after raising more than US$100 million to support its growth strategy and completing a business combination with Fast Acquisition Corp.

The company – which operates visitor attractions and hotels, as well as delivers entertainment experiences at theme parks through a wide range of products, platforms and IP – is now trading on Nasdaq under the ticker symbols “FBYD,” “FBYDP” and “FBYDW".

Listing on the stock exchange is part of the company's long-term growth strategy.

Falcon’s Beyond’s executive chair and co-founder, Scott Demerau, said: "“Listing on Nasdaq is not only a momentous occasion for Falcon’s Beyond, it also enables us to scale globally and continue delivering some of the most innovative entertainment experiences in the world.

“As a publicly traded company, we are well-positioned to continue expanding our IP and leverage critical partnerships, including our joint venture with Meliá Hotels International, our partner that provides critical access to real estate, as well as our joint venture with Raging Power Limited, an arm of K11, the Hong Kong-based cultural commerce giant.

"This transaction is a game changer for our business as we look to capitalize on
significant white space opportunities in front of us.”

Through their joint venture, Falcon's Beyond and Raging Power are developing and launching new entertainment franchises and location-based entertainment attractions across China.

The first project from this joint venture will be “Vquarium,” an ocean adventure-themed experience designed to be a new breed of location-based “retailtainment” – set to debut at Hong Kong’s iconic 11 SKIES development in 2025.

The group's existing visitor attractions, which it operates under its Falcon’s Beyond Destinations arm, include Katmandu Park in Punta Cana in the Dominican Republic and the Sol Katmandu Park & Resort on the island of Mallorca, Spain.
RELATED STORIES
  Falcon’s Beyond reveals details for Katmandu theme park in Punta Cana


Falcon’s Beyond has revealed further details for a theme park it is developing in Punta Cana, the Dominican Republic.
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Google launches Gemini – its ChatGPT killer
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Sony Pictures is set to launch an immersive indoor entertainment park at Oakbrook Center in Chicago in December, featuring escape rooms, interactive exhibits, racing simulators, VR attractions, bumper cars and food and drink.
Tourism think tank explores gender equity and male allyship
At a recent think tank, The Tourism Society hosted a panel overseen by its first female chair, Alison Cryer MBE, to discuss the importance of male allyship in the travel and tourism industry.
Shenzhen art museum opens exhibition showcasing work of MAD Architects
Shenzhen Museum of Contemporary Art and Urban Planning (MoCAUP) has opened An exhibition which provides a retrospective of the research and practices of MAD Architects.
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Heritage Great Britain
Salary: c£70,000 + benefits + relocation support
Job location: Snowdonia, North Wales , United Kingdom
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TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
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08-08 May 2024

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04-07 Nov 2024

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NEWS
Falcon’s Beyond, raises US$100m and begins trading on Nasdaq
POSTED 22 Oct 2023 . BY Tom Walker
Falcon's Beyond operates visitor attractions and hotels, as well as delivers entertainment experiences at theme parks Credit: Falcon's Beyond
Falcon’s Beyond Global has begun trading on the Nasdaq stock exchange, after raising more than US$100 million to support its growth strategy and completing a business combination with Fast Acquisition Corp.

The company – which operates visitor attractions and hotels, as well as delivers entertainment experiences at theme parks through a wide range of products, platforms and IP – is now trading on Nasdaq under the ticker symbols “FBYD,” “FBYDP” and “FBYDW".

Listing on the stock exchange is part of the company's long-term growth strategy.

Falcon’s Beyond’s executive chair and co-founder, Scott Demerau, said: "“Listing on Nasdaq is not only a momentous occasion for Falcon’s Beyond, it also enables us to scale globally and continue delivering some of the most innovative entertainment experiences in the world.

“As a publicly traded company, we are well-positioned to continue expanding our IP and leverage critical partnerships, including our joint venture with Meliá Hotels International, our partner that provides critical access to real estate, as well as our joint venture with Raging Power Limited, an arm of K11, the Hong Kong-based cultural commerce giant.

"This transaction is a game changer for our business as we look to capitalize on
significant white space opportunities in front of us.”

Through their joint venture, Falcon's Beyond and Raging Power are developing and launching new entertainment franchises and location-based entertainment attractions across China.

The first project from this joint venture will be “Vquarium,” an ocean adventure-themed experience designed to be a new breed of location-based “retailtainment” – set to debut at Hong Kong’s iconic 11 SKIES development in 2025.

The group's existing visitor attractions, which it operates under its Falcon’s Beyond Destinations arm, include Katmandu Park in Punta Cana in the Dominican Republic and the Sol Katmandu Park & Resort on the island of Mallorca, Spain.
RELATED STORIES
Falcon’s Beyond reveals details for Katmandu theme park in Punta Cana


Falcon’s Beyond has revealed further details for a theme park it is developing in Punta Cana, the Dominican Republic.
MORE NEWS
Google launches Gemini – its ChatGPT killer
Google has just released Gemini, a new AI which is being billed as a "ChatGPT Killer".
Sony Pictures to launch immersive Wonderverse entertainment destination
Sony Pictures is set to launch an immersive indoor entertainment park at Oakbrook Center in Chicago in December, featuring escape rooms, interactive exhibits, racing simulators, VR attractions, bumper cars and food and drink.
Tourism think tank explores gender equity and male allyship
At a recent think tank, The Tourism Society hosted a panel overseen by its first female chair, Alison Cryer MBE, to discuss the importance of male allyship in the travel and tourism industry.
Shenzhen art museum opens exhibition showcasing work of MAD Architects
Shenzhen Museum of Contemporary Art and Urban Planning (MoCAUP) has opened An exhibition which provides a retrospective of the research and practices of MAD Architects.
Timbaland, music producer to the stars, joins forces with Myndstream to co-create music that improves health and wellbeing
Timbaland, Platinum Grammy Award-winning music producer, who's worked with artists such as Jay-Z, Missy Elliott, Madonna, Rihanna, Justin Timberlake and Drake, has announced a partnership with health and wellbeing music provider, Myndstream.
Accenture says AI is bringing on a decade of deconstruction
The rapid advance of technology in all areas of life is putting societies in flux, creating uncertainty and forcing people to reassess their plans for the future, according to a new report from consulting firm Accenture.
+ More news   
 
COMPANY PROFILES
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
Red Raion

Founded in 2014, Red Raion is the CGI studio for media-based attractions. [more...]
instantprint

We’re a Yorkshire-based online printer, founded in 2009 by Adam Carnell and James Kinsella. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
04-07 Nov 2024

Global Wellness Summit (GWS)

In person, St Andrews, United Kingdom
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2023

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