SFX Entertainment Files For an IPO to Generate $175 Million…

Robert Sillerman‘s SFX Entertainment has been on an agenda to grow the EDM empire, acquiring Beatport back in February and buying major stakes in dance event promotors Voodoo Experience and ID&T in May.

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In further pursuit of expansion, SFX  recently filed for an IPO with the Securities and Exchange Commission, planning to raise $175 million through the stock market in order to finalize pending acquisitions and pursue additional deals.

SFX plans to use IPO cash to purchase a 60 percent stake in i-Motion, a German music events company, the assets of Australian dance music events promotor Totem, as well as a 70 percent stake in U.S. promotor Made.

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