December 19, 2013
In an unusual move, AMC offered a small number of its shares to members of its Stubs loyalty program. Members were allowed to buy $100 to $2,500 worth of stock in the IPO without paying fees through Loyal3 Holdings, a start-up brokerage firm focused on small investors.
Founded in 1920, AMC owns and operates 343 locations and 4,950 screens in the United States and Canada and is a subsidiary of Dalian Wanda Group, a leading Chinese private conglomerate and China’s largest investor in cultural and entertainment activities, who will retain an 80 percent stake in the company following the IPO. Weil previously represented AMC in its $2.6 billion sale to Dalian Wanda in 2012.
The New York-based Weil team advising AMC was led by Capital Markets partners Matthew Bloch and Alex Lynch and included Executive Compensation partner Michael Nissan; Tax partner William Horton; SEC Disclosure counsel Lyuba Goltser; Capital Markets associates Suzanne Lee, Aman Singh, Jessica Wang and Meera Sitaram; Executive Compensation associate Daniel Birnhak; and Tax associate Joey Juhn.