MGM files for possible IPO

MGM was founded in 1924 and is behind classic films including Gone with the Wind and West Side Story

Thursday 26 July 2012 at 17:00

MGM Holdings, the parent of film studio Metro-Goldwyn-Mayer, is planning a possible public stock offering, the company said in a brief statement, offering few details about what it called a "confidential" filing with the Securities and Exchange Commission.

In the statement, issued late Tuesday, the company gave neither a timeline nor any terms for the potential IPO. An MGM spokeswoman declined to comment further.