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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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The Everyday Heritage initiative celebrates and preserves working class histories
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Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
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Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
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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
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
Populous reveals plans for major e-sports arena in Saudi Arabia
Populous have unveiled their plans for a state-of-the-art e-sports arena, designed to stand as a central landmark in Qiddaya City’s gaming and e-sports district, Saudi Arabia.
Raby Castle reveals ambitious plans to become a major visitor destination
Raby Castle, known as one of the finest medieval fortifications in England, is nearing the end of an ambitious two-year renovation project.
+ More news   
 
COMPANY PROFILES
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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