NEW YORK — Artisan Entertainment is moving forward with its initial public stock offering as the company plans to sell about 6 million shares with a price range of $16-$18 a share, raising an estimated $124 million.
The company said in a filing with the Securities and Exchange Commission that it expects net proceeds of $93.4 million after IPO-related expenses and assuming a midrange sale price of $17 a share.
After the offering, the Gotham-based indie will have 22.8 million shares outstanding.
The timing of the IPO wasn’t specified. However, the rocky financial markets so far this summer could mean the company might hold off a bit, possibly until the fall.