SFX files for IPO

ALPHABET SOUP—SFX IPO: Robert "F.X." Sillerman's SFX Entertainment has filed for an IPO with the SEC. According to the filing, the company—which has been snapping up EDM properties in recent months--is planning to raise up to $175 million via the listing to complete pending acquisitions and enable it to further increase its holdings in this burgeoning sector of the music biz. Among SFX’s pickups are Voodoo Experience, ID&T and Beatport. The money would help finance are the planned purchase of a 60% stake in German music events firm i-Motion, substantially all of the assets of Australian dance music events organizer Totem and a 70% stake in U.S. promoter Made, according to The Hollywood Reporter. The company’s stock market symbol would be SFXE. (6/27a)