UPDATE: Luxury cinema operator IPic Entertainment shares slide 40% after it files for bankruptcy [MarketWatch]
IPIC ENTERTAINMENT INC A (IPIC)
US:NASDAQ Investor Relations:
globenewswire.com/news-release/2018/02/01/1330161/0/en/ipic-entertainment-announces-closing-of-its-initial-public-offering.html
Company Research
Source: MarketWatch
UPDATE: Luxury cinema operator IPic Entertainment shares slide 40% after it files for bankruptcy Ipic Entertainment Inc. shares IPIC, +41.53% slid 40% in premarket trade Monday, after the company said it has filed for chapter 11 bankruptcy and is in talks with numerous parties on restructuring its debt. The luxury cinema chain operator said it will use the bankruptcy filing to either sell itself or reorganize to emerge with a healthy balance sheet and new capital structure. "The financial restructuring will allow the Company to further improve and enhance its theaters and dining experiences, continue to provide an unparalleled guest experience that is evidenced by the over 2 million IPIC ACCESS loyalty members, and continue with its expansion plans," the company said in a statement. In late July, the company said it had missed an interest payment on a loan and cautioned investors that it may have to file for bankruptcy. The company has $204 million of debt in form of a loan from th
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