AMC aims for $750M in public offering
KANSAS CITY, MO — Following in the footsteps of Regal, AMC is testing the waters of going public.
AMC Entertainment Inc. hopes to raise $750 million in its public stock offering, with the proceeds going back to its owners, including J.P. Morgan Partners and Apollo Investment Fund.
The privately held Kansas City-based movie exhibitor, a close second in the U.S. after Regal Entertainment Group, disclosed some details of its potential public offering in a filing late Monday with the Securities and Exchange Commission.
The 392-page filing noted that the public offering hinges in part on the successful initial public offering of National CineMedia LLC, an onscreen advertising company jointly owned by AMC and two of its competitors, Cinemark USA Inc. and Regal.
To read more, go to The Kansas City Star.