AMC’s Next Showing: An IPO

Aug 30, 2013, 2:30 pm EDT
AMC’s Next Showing: An IPO

Major cinema operator AMC Entertainment is filing for an IPO, and although it has made several failed attempts at an offering in the past, its prospects look bright now.

AMC is one of the largest theater chains, with more than 343 locations containing 4,900-plus screens, primarily located in the North American market.

Last year was a record-breaker for AMC, which recorded $2.7 billion in revenues and $438.3 million in adjusted profits — not a bad feat considering AMC has been heavily investing in upgrading its theaters. Read 

Start Salivating Over the Potbelly IPO

Aug 30, 2013, 12:42 pm EDT
Start Salivating Over the Potbelly IPO

Start the feeding frenzy: According to a recent filing, we’re going to get a Potbelly IPO, and the sandwich chain’s offering should tantalize most IPO investors.

Potbelly — which operates 286 shops in 18 states — isn’t one for bashfulness, boasting that it’s “The Best Place for Lunch!” in its S-1.

But customers seem to agree, and in 2012, they helped drive Potbelly’s revenues 15.5% higher year-over-year to $274.9 million. Meanwhile, adjusted EBITDA clocked in 17.6% better at $31.5 million. Read 

More GE Molting: Credit Card Spinoff Nigh!

Aug 30, 2013, 10:48 am EDT

General Electric (GE) CEO Jeffrey Immelt’s plan to pare down the conglomerate’s balance sheet apparently is taking another step forward, with The Wall Street Journal reporting that GE plans to spin off its credit card business sometime in early 2014.

Immelt has been under pressure to shrink GE’s financial services arm ever since the credit crisis of 2008, when the unit represented roughly 50% of the company’s balance sheet. After losing roughly $30 billion on the unit between 2008-10, Immelt started an effort to wean the company off GE Capital and work toward bolstering the industrial side of the business. Immelt’s goal is for the industrial side of the business to generate 65% of company earnings by 2015, up from 55% today.

Immelt has been very busy pushing toward that goal. In 2013 alone, GE has shed a number of businesses across GE Capital divisions: Read 

Could Wall Street’s Next Hit Be a Brothel IPO?

Aug 29, 2013, 1:00 pm EDT
Could Wall Street’s Next Hit Be a Brothel IPO?

With the IPO market essentially closed until mid-September thanks to the August doldrums, it’s been kind of lonely at the IPO Playbook.

So what’s left to cover?

Well, how about a potential IPO for the Moonlite Bunny Ranch — a well-known Nevada brothel. Read 

Can LGI Homes Avoid Singing the Homebuilder IPO Blues?

Aug 29, 2013, 12:26 pm EDT
Can LGI Homes Avoid Singing the Homebuilder IPO Blues?

Homebuilder LGI Homes has filed for an IPO, with plans to list on the Nasdaq under the symbol of “LGIH.” Lead underwriters include Deutsche Bank (DB), JMP Securities and JPMorgan (JPM).

Unfortunately, the timing of this deal seems to be off the mark.

First, though, some background on the company. Founded in 2003, LGI focuses on entry-level homes in Texas, Arizona, Florida and Georgia. The price for a home ranges from $115,000 to $260,000, with the square footage ranging from 1,200 to 3,000. In all, the company has sold over 5,000 homes and has been profitable every year — an impressive track record in light of the plunge in the real estate market from 2006 to 2011. Read 

Twitter Hires Head of Commerce, Inches Closer to IPO?

Aug 28, 2013, 11:24 am EDT

Recent news suggests Twitter has taken another small step toward an IPO.

That step: hiring its first head of commerce — a 38-year-0ld man named Nathan Hubbard, who was previously president at Ticketmaster, owned by Live Nation Entertainment (LYV).

Adding commerce to the company’s wheelhouse will allow Twitter to expand its revenue stream beyond just advertising. Twitter made $260 million in ad revenues in 2012, and is on track to make around $400 million this year, according to eMarketer. Read 

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