Deals
MGM Studio Said Seeking to Complete IPO Before Next Bond Movie
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MGM Holdings Inc., the Hollywood studio that exited bankruptcy in 2010, is seeking to complete an initial stock sale before the October release of its next James Bond film, a person with knowledge of the situation said.
MGM said in July it submitted a confidential IPO filing to regulators, in a process that lets the owners gauge potential interest before moving ahead. The rules suggest the Beverly Hills, California-based studio would need to release a prospectus this month to complete the IPO before the film’s release and benefit from publicity surrounding the potential blockbuster.