Movie studio MGM has filed for a possible IPO.
The studio submitted a draft IPO registration statement confidentially to the SEC, it explained in a press release, according to several reports.
There is no information about when the IPO could occur or how much MGM would plan to price its shares.
The legendary studio, known for classics like “The Wizard of Oz” and “Gone with the Wind,” was taken private in 2004 by a Sony-led private-equity consortium. MGM filed for and emerged from bankruptcy in less than two months in late 2010.
Most of MGM’s current investors have no experience in the entertainment business and are thought to be eager to sell their stakes as soon as possible through an IPO, the LA Times reported.
MGM has hired JPMorgan and Goldman Sachs to manage the IPO with JPMorgan taking the lead position, according to Bloomberg News.
MGM has recently been partnering with major studios like Sony, Paramount and Warner Bros. on movies like “The Girl with the Dragon Tattoo,” “21 Jump Street,” and the upcoming James Bond and “GI Joe” sequels and “The Hobbit.” The company’s currently headed up by former Spyglass executives Gary Barber and Roger Birnbaum.