AMC Entertainment Holdings files for IPO

Movie theater operator AMC Entertainment Holdings plans to go public, files for IPO

Associated Press

NEW YORK (AP) -- AMC Entertainment Holdings Inc., the second-largest movie theater operator in the U.S., is planning to go public nearly a year after it was bought by a Chinese company.

The company said in a regulatory filing on Friday that it plans to list on the New York Stock Exchange under the "AMC" ticker symbol.

AMC did not disclose how many shares would be in the initial public offering, or what it expected to price them at. It plans to use the offering's net proceeds for general corporate purposes, which may include capital expenditures and retiring outstanding debt.

The company was purchased by Chinese conglomerate Dalian Wanda Group Co. in September in a $2.6 billion deal. Dalian Wanda, founded in 1988 and privately owned, runs hotels, theaters, department stores and other businesses.

AMC owned, operated, or held interests in 343 theaters mostly in North America as of June 30. The company said about 200 million guests visited its theaters last year. It had 2012 revenue of $2.7 billion, its highest on record.

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