Cineworld GroupĀ is weighing a USĀ listing to tap investors in the movie theater operator's biggest market as it tries to bounce back from the coronavirus pandemic. The company's shares jumped as much as 10pc.
London-listed Cineworld gets most of its profits from the U.S. since it acquired Regal Entertainment Group in 2018. Covid-19 lockdowns have been disastrous for the industry, shuttering hundreds of theaters and delaying blockbuster releases.
Cinemas are also threatened by studios bypassing the big screen to send some big-budget titles straight to their streaming platforms.
All that hasn't stopped shares in Cineworld rival AMC Entertainment Holdings surging in the past year after it became a so-called meme stock on Reddit and other platforms.
Bloomberg