- the company said that the move will help PVR to get access to the US cinema exhibition market.
- iPic owns and operates 16 luxury theatres and 121 screens across 10 states in the US.
- company can raise up to $50 million from the public through this process by Listings on the NASDAQ or the NYSE using Regulation A-plus.
- PVR has acquired several companies, including Cinemax and DT Cinemas in in 2012 and 2016, respectively.
- At present, the company operates 600 multiplex screens across 131 properties in 51 cities. In 2016-17.
- PVR reported revenues of Rs 2,002 crore and has a market capitalisation of Rs 6,625 crore.
