SFX Entertainment raised $260m ahead of its entry into public trading on the NASDAQ today.
The EDM company sold more than 20 million shares at a price of $13 each – valuing the company at more than $1 billion, according to Billboard.
The valuation is in line with that attached to an IPO filing with the Securities and Exchange Commission at the end of September.
Then, according to reports, the company was looking to raise $200 million by offering 16.7 million shares at a price between $11 and $13.
Founded in 2011, SFX is owned by Robert F.X. Sillerman and has acquired or invested in a number of national and international dance music-related companies after Sillerman announced last June that he would spend $1 billion in acquiring EDM entities.