SFX pitched at $1.1 billion

SFX, which has been on an recent acquisition spree, mainly buying up EDM live enterprises, has filed papers confirming plans to raise up to $200 million by selling off a slice of the company via the NASDAQ stock exchange - valuing the company at $1.1 billion.  The company recently noted that drug related incidents at EDM events could have negative impact on commercial dance music enterprises, especially where brand partnerships are a key revenue stream.