Merlin Entertainments has decided to float on the London Stock Exchange rather than in New York, a journalist has claimed.
Mark Kleinman, who is the City of London editor for Sky News, claims to have learned that shareholders and management have chosen the UK capital for the initial public offering (IPO).
He quotes an unnamed Merlin insider as saying “the work is all being geared towards London.”
“The decision to opt for London has not been finally formalised by Merlin’s board, and there remains a slim outside chance that it could change its mind,” Kleinman wrote in a news article released this afternoon.
The company, which operates Alton Towers and Thorpe Park among numerous other tourist attractions worldwide, is expected to become a public business as early as the final quarter of this year.