The operator of the London Eye and Alton Towers, Merlin Entertainments announced yesterday that it may come out with an Initial public offering by the end of June. The company withdrew plan for a £2billion IPO last month due to investor worries over volatility in the equity markets.

The chief executive of Merlin, Nick Varney said, "We have made no secret that an IPO is one of the options for Merlin."

Many firms had to cancel their IPO in the last few months globally. A report suggests that 32 out of 62 IPOs launched since 1 December 2009 were cancelled around the world.

The company has reported a 16.6 per cent rise in earnings before interest, tax, depreciation and amortisation to £238.6m for the year to 26 December 2009. The total number of visitors to its attractions rose 9.7 per cent to 38.5 million in 2009 which makes it the second biggest visitor attractions operator in the world behind Disney.

The revenue of the company recorded a growth of 9.4 per cent and its net debt was at about £1 billion. The company which also operates Legoland and Madame Tussauds has reported a double digit growth in Ebitda in nine straight years. Merlin is controlled by Blackstone which is an American private equity group.

Under its global expansion plans it will open LegoLands in Florida, US, and Malaysia in 2011 and 2012.