Pursuits
AMC Theater Chain Climbs After Raising $332 Million in IPO
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AMC Entertainment Holdings Inc., the U.S. movie-theater chain controlled by China’s second-richest man, jumped in its trading debut after raising about $332 million in an initial public offering.
The shares rose 5 percent to $18.90 in New York today, after the company sold 18.42 million Class A shares for $18 each. The shares had been offered for $18 to $20 apiece.