Lionsgate Studios to Begin Trading May 14 on Nasdaq

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Lionsgate Studios to Begin Trading May 14 on Nasdaq

Dow Jones05-14

By Stephen Nakrosis

Shares of Lionsgate Studios, which is going public following a deal with a blank check company, are slated to begin trading May 14 on the Nasdaq.

The deal with special purpose acquisition company Screaming Eagle Acquisition raised $350 million from investors, and values Lionsgate Studios at an enterprise value of $4.6 billion, the company said. Lionsgate Studios consists of the Motion Picture Group and Television Studio segments, as well as a 20,000-plus title film and television library, according to the company.

The deal doesn't include the STARZ businesses, which will still be controlled by Lions Gate Entertainment.

Shares of Lionsgate Studios will trade under the symbol LION.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

May 13, 2024 18:27 ET (22:27 GMT)

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