Cinemark Holdings did price its IPO last night at the higher-end of the range.  It priced 28 million shares at $19.00, and the range was indicated at $17.00 to $19.00.  The joint book runners were all listed as Lehman, Credit Suisse. Merrill Lynch, and Morgan Stanley.

The street may not be as cynical on this one since it didn’t command a premium at the pricing, despite stronger IPO demand.  Anyone with some longevity will be able to remember that in the late 1990′s and early 2000′s were a very difficult time for movie theatres to make money.

Here’s the full summary of what was said yesterday.

Jon C. Ogg
April 24, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.