AMC Theaters’ IPO Lets You Buy A Share Of Stock For The Same Price As A Ticket

Wednesday, December 18 by
The proceeds will go towards buying beige umbrellas for inner-city theaters.  

AMC Theaters is going public. Sort of. The company is owned by a HUGE Chinese group called Wanda, and Wanda is spinning off some of the less-preferred (these shares get only one vote per share, whereas the shares the company is keeping get three) stock so that you can buy into the company’s ownership for a mere $18/share.

That’s a little bit more than a movie ticket costs, but less than a movie ticket and a bottle of water. It won’t make you rich, but it may make you ultimately feel better about yourself than springing for that Thor 2 ticket did.

And if you’re a member of the AMC Stubs loyalty program, you can buy a minimum of $350 of shares without fees. I’m not sure how that’s legal, but one should never doubt large corporations. They always know what’s best for everyone. That’s how they become so rich and powerful.

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