One More Pretty Stock Certificate Please

With Shark Tales performing well at the box office, $87.7 million and climbing, and Shrek 2 gobbling up cash across the world, DreamWorks SKG is rolling out the red carpet at investor meetings starting this week to raise IPO coin for DreamWorks Animation.

According to today's New York Times, "DreamWorks SKG executives expect to raise as much as $650 million in the sale." Here's the main deets:

In a filing with the Securities and Exchange Commission in July, DreamWorks Animation said it planned to spend about $175 million of the money raised in the offering for general corporate purposes, and use the rest to pay down some or all of the debt it intends to assume from DreamWorks SKG. The company will be controlled by Mr. Geffen and Mr. Katzenberg, largely through Class B shares that will give them and the original investors majority ownership and supervoting rights.

For more detailed information, check out the SEC filings.

It will be interesting to see how the other studios react to this vis a viz Pixar, still at the lonely singles dance.