AMC Entertainment Raises $331.6 Million With Public Offering

An AMC Theatres sign | Photo courtesy of Creative Commons
Photo courtesy of Creative Commons

After a nine-year absence, AMC Entertainment Inc. returned to Wall Street with a public stock offering Tuesday, raising $331.6 million by selling its shares for $18 each. The shares sold represented about a 20 percent ownership stake in the Leawood, Kan.-based cinema company.

Majority control of the company remains with Dalian Wanda Group, a Chinese firm that purchased AMC for $2.6 billion in September 2012.

The funds raised will be used to repay debts or go toward other general corporate uses, AMC has said.

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