19 days ago • Posted by Martin Boujol
AMC will offer 43 million new shares and maybe 500 million more
AMC Entertainment Holdings has seen its stock plunge on Tuesday, when the company announced its plan to offer millions of new shares. 43 million shares were filed with the SEC, but they are also thinking of selling 500 million additional shares, without asking the opinion of their shareholders. The stock price nevertheless gained over 300% in the past 6 months, vs a mere 23.5% for the S&P 500 index.