The following IPOs are expected to price 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.
Renaissance Capital will have Pre-IPO Research available on AMC prior to its pricing.
Last week, there were 11 IPO pricings. Kindred Biosciences (KIN), a biotech developing pet therapeutics for pain and severe itching, was the week's winner, ending up 74% from its IPO price.
