AMC Stock Falls As APE Securities Debuts On NYSE

Stock of AMC Entertainment plummets when its APE Securities make their NYSE debut

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AMC Entertainment's new APE securities — AMC Preferred Equity Units — began trading late this morning

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The exhibitor's primary stock plunged, closing down 41% at 10$46

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It rose slightly aftermarket

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Starting this morning, AMC stockholders were receiving APE units through their brokers

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Each share of common stock that a shareholder owns is worth one APE

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