Upscale Theater Chain iPic to Go Public This Year
High-end cinema chain iPic theaters is going public in late fall of this year, announcing Tuesday that it is seeking to raise up to $30 million despite the theater business struggling with a brutal summer box office.
According to an investment summary posted on its website, iPic has grown its revenue by 22 percent a year since 2012.
“Since our inception in 2006, iPic Entertainment has prided itself on building architecturally unique dining and entertainment destinations designed for sharing with a strong emphasis on genuine hospitality and world-class customer service,” iPic CEO and Founder Hamid Hashemi said in a statement.