IMAX announces plans for a China IPO

Imax Corp. disclosed plans Thursday for an intial public stock offering in Hong Kong, underscoring the Canadian company's growing business in the world's second-largest film market. The big screen cinema company said in a regulatory filing that its China subsidiary had filed an applicatiion for an IPO on the Hong Kong Exchange. The company did not say when it would hold the IPO but the listing had been widely expected by investors. Imax management had previously disclosed plans for a stock listing in China. Imax has done booming business in China, benefiting from key partnerships with Chinese media companies, including Wanda Cinema, and a cinema-building spree in the...