AMC Entertainment Completes At-the-Market Equity Offering Of 40M Shares, Raises ~$325M
Portfolio Pulse from Benzinga Newsdesk
AMC Entertainment has completed an at-the-market equity offering of 40 million shares, raising approximately $325 million.
September 14, 2023 | 5:56 am
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AMC Entertainment has raised approximately $325 million through an at-the-market equity offering of 40 million shares.
The successful completion of the equity offering indicates strong investor interest in AMC, which could potentially drive the stock price up in the short term. However, the increase in shares could also dilute existing shareholders' equity.
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