On Monday, movie theater operator AMC sold 72.5 million shares in an at-the-market equity offering.
raised about $250 million of new equity capital on Monday during the revived meme stock craze triggered by the return of "Roaring Kitty."
On Monday, the movie theater operator sold 72.5 million shares in an at-the-market equity offering. AMC sold those shares at an average price of $3.45 per share before commissions and fees.The average selling price is at the lower range of Monday's wild trading where AMC more than doubled to hit an intraday peak of $5.88. The stock closed Monday's session up more than 78% at $5.19. AMC previously announced the offering on March 28, but waited until Monday to complete it.
Citigroup, Barclays, B. Riley Securities and Goldman Sachs were the sales agents of AMC's equity offering.
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