AMC Entertainment, which owns or operates 343 movie theaters in the US, announced terms for its IPO on Tuesday. The Leawood, KS-based company plans to raise $350 million by offering 18.4 million shares at a price range of $18 to $20. At the midpoint of the proposed range, AMC Entertainment would command a fully diluted market value of $1.8 billion.
AMC Entertainment, which was founded in 1920 and booked $2.7 billion in sales for the 12 months ended September 30, 2013, 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.
