Just days after Pixar offered investors a two-for-one stock split, DreamWorks Animation SKG announced that it is preparing for a secondary offering of $500 million shares of its Class A common stock. The animation studio, which today filed a registration statement with the Securities and Exchange Commission, says that all shares will be offered to the public by current stockholders.
The shares will come from Microsoft co-founder Paul Allen, Lee Entertainment and Vivendi Universal Ent. DreamWorks principals Steven Spielberg, David Geffen and Jeffrey Katzenberg will not sell any of their own shares, nor will they receive proceeds from this offering, which is expected to be completed sometime after the May 27 theatrical debut of Madagascar.
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