Cineworld plans IPO and explores merger opportunities in the US - Bloomberg

Investing.com -- Cineworld Group, a leading cinema operator, is planning to appoint the investment banking divisions of JPMorgan Chase & Co. (NYSE: JPM ) and Barclays (LON: BARC ) Plc as advisors for a potential initial public offering (IPO) and to explore merger opportunities in the United States, according to Bloomberg, citing people familiar with the matter.

The company is contemplating an IPO for its operations outside the United Kingdom (TADAWUL: 4280 ), which include the Regal cinema chain in the US and Cinema City in Eastern Europe and Israel. The sources indicated that Cineworld is aiming for a listing between the second half of 2025 and the first half of 2026, with the exact timing depending on the company's performance and market conditions.

In addition to the IPO, Cineworld's advisors will reportedly look into the possibility of merging with competitors AMC Entertainment (NYSE: AMC ) Holdings Inc. or Cinemark Holdings (NYSE: CNK ) Inc., as per the sources.

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