Metro-Goldwyn-Mayer Said to Hire JPMorgan, Goldman for IPO

MGM Holdings Inc., the parent of Hollywood studio Metro-Goldwyn-Mayer, hired JPMorgan Chase & Co. and Goldman Sachs Group Inc. to manage its initial public offering, according to two people familiar with the situation.

JPMorgan will lead the share sale, said the people, who asked not to be identified because the information isn’t public. MGM submitted a draft IPO registration statement confidentially to the U.S. Securities and Exchange Commission, the Los Angeles-based company said in a press release dated today, without disclosing details of the offering.