Taylor Swift may have finally met her match with AMC Entertainment. For AMC, that show cannot come soon enough. On Wednesday, AMC announced that it had sold $325mn worth of stock in a so-called “at the market offering”.
AMC completed its market equity raise, sending shares of the theater chain higher on Thursday.
AMC Entertainment (AMC) stock is on the move higher after the theater chain reported raising $325 million by selling 40 million shares. Yahoo Finance Live takes a closer look at AMC's methods to raise fresh capital and how certain cultural trends — such as Taylor Swift's Eras Tour movie concert — could drive even more movie-lovers back into theaters.