AMC Entertainment Holdings Inc., a Leawood, Kan.-based movie theater operator owned by China’s largest entertainment company, announced plans to make another IPO attempt, with the new offering valued at $400 million. The company, which applied to list shares under the symbol AMC on the New York Stock Exchange, did not specify the number of shares being offered or the price.
According to a regulatory filing, AMC will use its proceeds to fuel expansion and repay debt. Analysts speculate that AMC may be hoping to take advantage of record-breaking U.S. summer box office ticket sales.
The company’s most recent IPO effort came in September 2012, when Chinese company Dalian Wanda bought AMC for $2.6 billion. It is unknown how much of the company Wanda will own after the IPO is complete.