The company plans to offer 7.1 million common shares to the public at $12-14 per share out of a total 10.4 million shares outstanding, seeking to be listed on the Nasdaq Global Market under the ticker symbol, “TFD”.
The movie studio expects to make proceeds of $85 million from the initial public offering, plus $5.6 million in underwriters’ warrants.
The Film was founded in May 2007 by CEO Mark Gill and COO Neil Sacker, recorded net revenue of $13 million from January to September and lost $14.2 million. It says its strategy is to make moderately-priced films in the range of $10-45 million in broad genres, hoping to draw audiences by headlining production with well-known stars.
The underwriter is Girard Securities Inc., doing business as IPO Solutions.
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