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Cineworld eyes Wall St money after rival AMC becomes meme stock

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Reuters

By Muvija M and Chris Peters (Reuters) -Cineworld is considering a Wall Street listing for all or part of its business in an effort to bolster its finances which are under heavy pressure from the coronavirus pandemic. A U.S. listing would give heavily indebted Cineworld access to the largest capital market in the world, where rival U.S. cinema group AMC this year became one of the so-called “meme stocks”, sending its shares skyrocketing. Shares in Cineworld, which gets the bulk of its revenue from its Regal cinemas in the United States, jumped 8% by 0833 GMT on the FTSE midcap index. “We belie…

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