Movie theater chain to make another attempt to tap public markets
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.