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

  • A woman walks by an electronic

    China Woes Hit Shares of Japanese Games Developers

    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 […]

  • Reese Witherspoon

    CAA Sets Rare Public Event With Reese Witherspoon, Jenny Han Among Attendees

    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 […]

  • Former movie producer Harvey Weinstein arrives

    Judge Allows Harvey Weinstein Sex Trafficking Suit to Proceed

    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 […]

  • R. Kelly

    R. Kelly to Perform at MSG’s Hulu Theater in New York Next Month

    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 Speiser APA

    APA Alternative Agent Brian Speiser Promoted to Partner at APA

    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 […]

  • Live Nation Names Amy Marks EVP,

    Live Nation Names Amy Marks Exec VP, Head of Integrated Marketing

    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 […]

  • Kukai

    Tencent Unit Buys New Classics Media for $2.25 Billion

    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