National Cinemedia Files for IPO

Centennial, Colorado-based National Cinemedia, which operates a digital, in-theatre network for distributing advertising to movie theaters, has filed for an IPO, saying in a filing last night with the SEC that it is looking to raise up to $700M in an IPO on the Nasdaq Global Select Market under the symbol NCMI. The IPO is being underwritten by Credit Suisse, JPMorgan, Lehman Brothers and Morgan Stanley. The firm is a joint venture of Cinemark, AMC Entertainment and Regal Entertainment Group.