AMC Entertainment Files for $400M IPO

AMC Entertainment Files for $400M IPO

Third IPO attempt appears to be the charm for theater giant

AMC Entertainment filed a registration statement Friday relating to an initial public offering of shares of its common stock.

The company had first filed to go public in 2007, before withdrawing in 2008. It filed once more in 2010, but was bought by Wanda for $2.6 billion. The deal closed last September.

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AMC plans to list its Class A stock on the New York Stock Exchange under the symbol "AMC." It is still unknown how many shares AMC plans to sell or the expected price. The company said it would use proceeds from the IPO to fund capital expenditures.

AMC owned, operated or held interest in 343 theaters, primarily in North America, as of June 30. 

It earned $41.4 million from continuing operations on revenue of $2.69 billion for the year ended June 30.

"We believe that our size, reputation, financial performance, history of innovation, strong major market presence and highly productive theatre circuit position us well for the future," the company said in its 8-K SEC filing.