AMC raises $250 million in stock sale during meme rally, shares still up 110% in premarket

Victor J. blue | Getty Images News | getty images

AMC Entertainment raised about $250 million of new equity capital on Monday amid a meme stock craze revived by the return of “Roaring Kitty.”

On Monday, the movie theater operator sold 72.5 million shares in a market equity offering. AMC sold those shares at an average price of $3.45 per share before commissions and fees.

#

Disclaimer : The content in this article is for educational and informational purposes only.

Leave a Reply

Your email address will not be published. Required fields are marked *