AMC Entertainment Files For $400 Mln IPO

(RTTNews) - AMC Entertainment Holdings Inc., the second-largest movie theater operator in the U.S., filed with the U.S. Securities and Exchange Commission to raise up to $400 million in an initial public offering. The company neither disclosed details about the number of shares it intends to offer nor its price range.

In the filing on Friday, the company disclosed that it will apply to have the Class A common stock listed on the New York Stock Exchange under the symbol "AMC." It plans to use the net proceeds for general corporate purposes, which may include, among other things, capital expenditures and retirement of outstanding debt.

Last year, Chinese private conglomerate Dalian Wanda Group acquired AMC Entertainment for about $2.6 billion, including debt.

Dalian Wanda Group will retain a majority of voting power in AMC Entertainment.

As of June 30, 2013, AMC owned, operated or held interests in 343 theatres with a total of 4,937 screens primarily in North America.

Previously, AMC filed for IPOs in 2007 and 2010, but later withdrew both offerings.