You will be redirected back to your article in seconds

Theater Chain AMC Entertainment Files for IPO

Movie theater chain to make another attempt to tap public markets

AMC Entertainment, the large movie exhibitor, said in a regulatory filing Friday with the U.S. Securities and Exchange Commission that it would once again attempt to have an initial public offering.

The concern, which operates 343 theaters and 4,937 screensprimarily in North America, did not specify how many shares it would offer or at what price. The company last attempted an IPO in Septembrr of 2012 before being acquired by China’s Wanda Group. That deal made Wanda the world’s largest exhibitor.

According to the filings,AMC’s revenue rose 2.6 % to $1.34 billion in the six months through June 30 compared to the same period a year earlier. Profit more than doubled to $41.1 million, the filings said. AMC had about $2.1 billion of long-term borrowings at the end of June.

Wanda’s stake in the concern after the offering was not disclosed. In a statement, Standard and Poors said its “stable” rating on the company was not affected by the new plans.

More Biz

  • Doug Morris

    Doug Morris to Exit Sony Music at the End of March

    AMC Entertainment, the large movie exhibitor, said in a regulatory filing Friday with the U.S. Securities and Exchange Commission that it would once again attempt to have an initial public offering. The concern, which operates 343 theaters and 4,937 screensprimarily in North America, did not specify how many shares it would offer or at what […]

  • Oprah Responds to Trump Tweet Claiming

    Oprah Responds to Trump's Tweet Claiming Bias in '60 Minutes' Segment

    AMC Entertainment, the large movie exhibitor, said in a regulatory filing Friday with the U.S. Securities and Exchange Commission that it would once again attempt to have an initial public offering. The concern, which operates 343 theaters and 4,937 screensprimarily in North America, did not specify how many shares it would offer or at what […]

  • Music Theatre International

    Drew Cohen Named Global CEO of Music Theatre International

    AMC Entertainment, the large movie exhibitor, said in a regulatory filing Friday with the U.S. Securities and Exchange Commission that it would once again attempt to have an initial public offering. The concern, which operates 343 theaters and 4,937 screensprimarily in North America, did not specify how many shares it would offer or at what […]

  • 'Daily Show's' Michelle Wolf to Host

    'Daily Show' Contributor Michelle Wolf to Host White House Correspondents' Dinner

    AMC Entertainment, the large movie exhibitor, said in a regulatory filing Friday with the U.S. Securities and Exchange Commission that it would once again attempt to have an initial public offering. The concern, which operates 343 theaters and 4,937 screensprimarily in North America, did not specify how many shares it would offer or at what […]

  • Harvey Weinstein ousted

    Weinstein Co. Sued by Lindt Chocolatier Over Canceled Golden Globes Party

    AMC Entertainment, the large movie exhibitor, said in a regulatory filing Friday with the U.S. Securities and Exchange Commission that it would once again attempt to have an initial public offering. The concern, which operates 343 theaters and 4,937 screensprimarily in North America, did not specify how many shares it would offer or at what […]

  • Pandora Shares Surge as Fourth-Quarter Subscription

    Pandora Shares Surge as Fourth-Quarter Subscription Revenue Climbs 63%

    AMC Entertainment, the large movie exhibitor, said in a regulatory filing Friday with the U.S. Securities and Exchange Commission that it would once again attempt to have an initial public offering. The concern, which operates 343 theaters and 4,937 screensprimarily in North America, did not specify how many shares it would offer or at what […]

  • Eric Schneiderman

    Weinstein Co. Deal Moving Ahead After Three-Hour Meeting With Attorney General

    AMC Entertainment, the large movie exhibitor, said in a regulatory filing Friday with the U.S. Securities and Exchange Commission that it would once again attempt to have an initial public offering. The concern, which operates 343 theaters and 4,937 screensprimarily in North America, did not specify how many shares it would offer or at what […]

More From Our Brands

Access exclusive content