AMC Stock Falls As APE Securities Debuts On NYSE

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

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

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

It rose slightly aftermarket

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

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

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