The French cinema giant Pathé is preparing its IPO in 2024, in order to raise fresh money for new investments, announced its president, Jérôme Seydoux, in an interview with Les Échos broadcast Thursday, September 8. “Pathé is preparing to be listed on the stock exchange. We’ve been working on it for at least a year. We are already very advanced to be able to do it in 2024”, declared Mr. Seydoux.

According to the manager. “We had proposed to UGC to merge in 2021, because we are very complementary and that in the future, we will have to be bigger to have the capacity to develop in the long term”, underlined Jérôme Seydoux. By attracting shareholders, the objective is in particular to be able to invest in new equipment. “Traditional digital projectors are obsolete today. They were installed ten years ago and are at the end of their life”, noted the president of Pathé.

A sharp decline in attendance

This announcement comes as dark rooms are still struggling to find their audience, after long months of closure due to health restrictions imposed during the Covid-19 pandemic. At the time of the Film Festival, at the beginning of the summer, the CNC had revealed that French cinemas, one of the densest networks in the world, had sold 62 million tickets over the first five months of 2022. attendance down by a third compared to 2019, a record year before the health crisis, despite the success of a few blockbusters, such as “The Batman”. “Top Gun: Maverick” is the biggest hit of 2022, having recently exceeded 6.4 million admissions in France, in just over three months on the bill.

Cinema: Pathé aims for an IPO in 2024

The president of the group Jérôme Seydoux hopes to raise fresh money for new investments.

The French cinema giant Pathé is preparing its IPO in 2024, in order to raise fresh money for new investments, announced its president, Jérôme Seydoux, in an interview with Échos broadcast on Thursday.