SFX entertainment owner Robert F. X. Sillerman has announced that 1.67 million SFX shares will be for sale on the US stock exchange. The insanely huge dance music company’s shares are expected to be sold for between $11-13 a share as a part of a longer term strategy to go for the jugular and completely dominate the market.
The move that has been in the making for some time has finally come after they acquired some pretty major assets including digital dance e-commerce store Beatport, ID&T (75% stake), Mysteryland, Sensation, Q-dance, Tomorrowland, i-Motion GmbH Events & Communication (60% stake), Electric Zoo and our very own Stereosonic festival.
SFX have applied for the Nasdaq Global Market under the symbol SFXE. Would you invest and become the Wolf of Wall St?