AMC stock on rollercoaster, movie chain completes another share sale
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AMC stock reverses losses as movie chain completes another share sale
By Aaron Saldanha
Reuters
(Reuters) -AMC Entertainment shares reversed losses on Thursday after the retail investor favorite said it completed a share offering it announced earlier in the day, raising $587.4 million in additional equity capital. Shares of the movie theater chain were up 6% at around $67 in mid-afternoon, after losing more than a third of their value in the morning.
The company said it completed an 11.55 million share offering it announced before the market opened at an average price of approximately $50.85 per share.
AMC has been taking advantage of a blistering run in its stock price to complete two share issues in three days. In announcing the latest issue, it said it did not know how long its run would last and warned investors of the risks involved.
May 28: Letter from VP David Trainor
Dear Colleagues:
I write to further update you on plans regarding the resumption of regular University operations for the 2021-22 academic year.
With the recent announcements by the Governor of Massachusetts and the Mayor of Boston, effective May 29, 2021, Boston College is no longer subject to occupancy restrictions in offices or classroom facilities. As such, all current capacity limitations on campus classrooms, workspaces, and outdoor areas will be rescinded. In addition, the CDC and Massachusetts Department of Public Health (DPH) have lifted the mask mandate. However, beginning on the 29
th, BC faculty, staff, students, and visitors who are not fully vaccinated will be required to wear a mask on campus when physical distancing cannot be maintained, and at all times in the Connell Recreation Center. Of course, any vaccinated member of the community who wishes to continue wearing a mask for their own comfort should feel free to do
Figs, the first IPO made available to Robinhood users, soars 36% in its public debut insider@insider.com (Carla Mozée) © Figs Models wear clothes from healthcare apparel maker Figs. Figs
Figs stock surged 36% in its trading debut Thursday, which also marked the first IPO accessible on the Robinhood trading platform.
Robinhood introduced its IPO Access service last week, which it says gives retail investors a chance to participate in IPOs.
Figs shares priced at $22 each, higher than the anticipated range of $16-$19.
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Shares of Figs jumped 36% to close at $30.02 after they priced at $22 each. With the first session in the books, Figs valuation was about $6 billion.
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