AMC Entertainment said it has completed its new stock offering announced just Thursday morning, raising $587.4 million in additional capital.
The company said it sold 11.55 million shares at an average price of approximately $50.85 per share in an at-the-market equity program launched earlier Thursday.
When AMC announced the offering, it said in a filing it may sell some of the 11 million shares from time to time. Apparently that time was now as it completed the offering in about three hours.
Job growth in May is expected to be more than double the pace of April, with hiring picking up in pandemic hit sectors like retail and restaurants but also more broadly across the economy.