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Falcon’s Beyond, raises US$100m and begins trading on Nasdaq

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£40,056 - £44,934pa + local govt pension + benefits
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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.

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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.
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