AMC won't comment on time frame for public offering
Exhib AMC Entertainment said it had “no timeline to share” about its initial public offering after reports surfaced that the IPO announced last year has been called off.
The company declined to comment on an Los Angeles Times report that the nation’s second-largest circuit had shelved plans to go public at the urging of its owners, which include private equity firms JP Morgan, Apollo and Bain Capital. It said they were concerned at the challenges faced by the biz, including shrinking theatrical windows.
AMC had been a public company but went private in 2004 when it was acquired by its current owners. It’s made several attempts to mount an IPO since it went private.