You will be redirected back to your article in seconds

AMC cancels public offering

Co. cites 'adverse market conditions'

Exhibitor AMC Entertainment surprised Wall Streeters late Thursday by canceling its $789 million initial public offering, citing “adverse market conditions.”

That verbiage had observers scratching their heads, given the roaring Dow index in recent weeks. AMC, owned by a consortium of private investors including J.P. Morgan Partners and Apollo Management, had planned to sell 39.5 million shares this week for $18-$20 apiece, according to Bloomberg.

J.P. Morgan and Apollo spearheaded the $1.14 billion buyout of Kansas City, Mo.-based theater chain in 2004. AMC Entertainment controls the controls the AMC and Loews chains, which owns 382 theaters with 5,340 screens, most of them in the U.S., Canada.

More Biz

  • Directv Now

    AT&T Misses Q1 Targets, as DirecTV Now Streaming Service Hits 1.46 Million Subscribers

    Exhibitor AMC Entertainment surprised Wall Streeters late Thursday by canceling its $789 million initial public offering, citing “adverse market conditions.” That verbiage had observers scratching their heads, given the roaring Dow index in recent weeks. AMC, owned by a consortium of private investors including J.P. Morgan Partners and Apollo Management, had planned to sell 39.5 […]

  • Russell Simmons

    Russell Simmons Rape Accuser Drops $5 Million Suit

    Exhibitor AMC Entertainment surprised Wall Streeters late Thursday by canceling its $789 million initial public offering, citing “adverse market conditions.” That verbiage had observers scratching their heads, given the roaring Dow index in recent weeks. AMC, owned by a consortium of private investors including J.P. Morgan Partners and Apollo Management, had planned to sell 39.5 […]

  • Universal Music Group

    Empire Strikes Global Distribution-Services Deal With Universal Music Group

    Exhibitor AMC Entertainment surprised Wall Streeters late Thursday by canceling its $789 million initial public offering, citing “adverse market conditions.” That verbiage had observers scratching their heads, given the roaring Dow index in recent weeks. AMC, owned by a consortium of private investors including J.P. Morgan Partners and Apollo Management, had planned to sell 39.5 […]

  • A Quiet Place BTS

    Viacom CEO Talks Paramount Turnaround, TV Production Growth But Stays Mum on CBS Talks

    Exhibitor AMC Entertainment surprised Wall Streeters late Thursday by canceling its $789 million initial public offering, citing “adverse market conditions.” That verbiage had observers scratching their heads, given the roaring Dow index in recent weeks. AMC, owned by a consortium of private investors including J.P. Morgan Partners and Apollo Management, had planned to sell 39.5 […]

  • Branded Game Events, Escape Rooms Scale

    Immersive, Branded Game Content Scales Up With New Merger

    Exhibitor AMC Entertainment surprised Wall Streeters late Thursday by canceling its $789 million initial public offering, citing “adverse market conditions.” That verbiage had observers scratching their heads, given the roaring Dow index in recent weeks. AMC, owned by a consortium of private investors including J.P. Morgan Partners and Apollo Management, had planned to sell 39.5 […]

  • Bill Cosby arrives for his sexual

    Jury Deliberates Bill Cosby's Sexual Assault Retrial

    Exhibitor AMC Entertainment surprised Wall Streeters late Thursday by canceling its $789 million initial public offering, citing “adverse market conditions.” That verbiage had observers scratching their heads, given the roaring Dow index in recent weeks. AMC, owned by a consortium of private investors including J.P. Morgan Partners and Apollo Management, had planned to sell 39.5 […]

  • Brian Roberts Comcast

    Comcast CEO Brian Roberts: Sky Is a Great Opportunity but Not a 'Necessity'

    Exhibitor AMC Entertainment surprised Wall Streeters late Thursday by canceling its $789 million initial public offering, citing “adverse market conditions.” That verbiage had observers scratching their heads, given the roaring Dow index in recent weeks. AMC, owned by a consortium of private investors including J.P. Morgan Partners and Apollo Management, had planned to sell 39.5 […]

More From Our Brands

Access exclusive content