AMC IPO Planned for This Week

AMC Entertainment ( AMC ), the second largest movie theater operator in the US, with 343 locations, plans to raise $350 million by offering 18.4 million shares at a price range of $18.00 to $20.00. At the midpoint of the proposed range, AMC Entertainment would command a market value of $1.8 billion. AMC Entertainment, which was founded in 1920, booked $2.7 billion in sales over the last 12 months. The Leawood, KS-based company plans to list on the NYSE under the symbol AMC. Citi, BofA Merrill Lynch, Barclays and Credit Suisse are the joint bookrunners on the deal.