UK based leading multiplex cinema chain Cineworld Group Plc. (LON:CINE) is considering to get listed on the united States capital markets as a way of boosting its financials which have been left hugely dented by the pandemic.
Considering the first half results of the year, United States capital markets have proved to be the largest and most liquid across the world even to companies which are listed on other primary markets and are also listed on the U.S markets as their secondary listings.
In the first half of the year ended June, Cineworld recorded a net loss of $576.4 million which was an improvement compared to the $1.64 billion it recorded at a similar period last year.
Currently, the company is sitting on a debt pile of $8.44 billion and it recorded a cash burn of $271 million in the first half of the year.
The huge loses and debt large debt plies can be attributed to the fact that, the company had to close all its cinemas at one point in last year. With worldwide mass vaccination, Cineworld has been able to re-open its doors once again, by June this year, the company had opened all its cinemas.