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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.
MORE NEWS
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   
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We’re a Yorkshire-based online printer, founded in 2009 by Adam Carnell and James Kinsella. [more...]
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
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Our services include: Dark ride design & build; Redevelopment of existing attractions; High-quality [more...]
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Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
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08-08 May 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
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.
Wake The Tiger launches new 1,000sq m expansion
Wake the Tiger, the Bristol-based immersive art experience, is set to open its 1,000sq m expansion on Friday 2 February.
Merlin teams up with Hasbro and Lego to create Peppa Pig experiences
Merlin Entertainments, the LEGO Group and Hasbro have teamed up to create Peppa Pig experiences.
+ More news   
 
COMPANY PROFILES
instantprint

We’re a Yorkshire-based online printer, founded in 2009 by Adam Carnell and James Kinsella. [more...]
IAAPA EMEA

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

Our services include: Dark ride design & build; Redevelopment of existing attractions; High-quality [more...]
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [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  
 


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