Imax Shares Up On News Of Hong Kong IPO Plan
May 28, 2015, 09:25 AM
http://deadline.com/2015/05/imax-china-ipo-hong-ko...
Imax shares are up more than 7% in pre-market trading — potentially headed for a new all-time high — following the long-expected formal announcement of an IPO for its Chinese venues that could boost the parent company’s valuation. The large screen theater company says that a Cayman Islands subsidiary, Imax China Holding, filed for the public offering with shares to be listed on the Hong Kong Stock Exchange. Imax will own 80% of the entity.
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