Madame Tussauds Owner Plans Stock Sale

Gold prices have cooled from their record highs, but now you can invest in an up-and-coming commodity: wax! Merlin Entertainments, which owns Madame Tussauds wax museums, announced Monday that it plans an initial public offering.

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STEVE INSKEEP, HOST:

And today's last word in business is hot wax.

Gold prices have cooled down a bit from their record highs, but you can now invest in a new up-and-coming commodity: wax.

RENEE MONTAGNE, HOST:

Merlin Entertainments, which owns Madame Tussauds wax museums, says today it plans an initial public offering. Merlin's 14 wax museums and a half dozen Legolands are the prime properties. The privately owned firm hopes that stock sales will help pay down its debt.

INSKEEP: Which means that later this year you too can own a share of Marilyn Monroe, Bruce Willis, Anderson Cooper and the Dalai Lama - or at least their wax reproductions. Why is there no reproduction of Renee Montagne?

(LAUGHTER)

INSKEEP: What is the matter with these people?

MONTAGNE: Oh, Steve Inskeep, I was just wondering.

INSKEEP: Ha. That's the business news on MORNING EDITION from NPR News. I'm the real Steve Inskeep.

MONTAGNE: And I'm the real Renee Montagne.

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