The 17 Most Important IPOs To Watch For In 2011
January 12, 2011 by Jon C. Ogg
The market for Initial Public Offerings is booming. After seeing so many IPOs trade exponentially higher than expected in 2010, the market should continue to be strong in 2011. We have created what was supposed to be a top ten list for the year. There are so many great names here already in the IPO pipeline that this list came to seventeen key IPOs to watch in 2011.
Private equity tried to unload stakes in 2010 with mixed results. Now that the capital gains tax and dividend tax rates have been extended for another two years, there is a 24 month period with some breathing room. We are also seeing many great venture capital-backed deals coming to market.
Below are the IPOs to watch:
1. AMC Entertainment Inc.
AMC operates 382 theaters with a total of 5,342 screens of July 1, 2010. It generates roughly $2.7 billion in revenues and earned about $71 million in the last fiscal year. Owners include J.P. Morgan Partners, Apollo, Bain Capital and The Carlyle Group. AMC claims a pro forma average U.S. ticket price of $8.39 for fiscal 2010 versus $7.64 for the industry during the 12-month period ending March 31, 2010. Its exposure to 3D and IMAX formats has also helped it maintain market share. Its two top public competitors are Cinemark Holdings Inc. (NYSE: CNK), worth $2 billion, and Regal Entertainment Group (NYSE: RGC), worth $1.87 billion.