Blackstone hopes its third-time lucky for Cineworld IPO

Cineworld, the private equity-backed UK cinema group, has relaunched its initial public offering for the third time in the last twelve months in a move to help it pay off debt.

The chain, owned by US buyout firm Blackstone, hired JP Morgan Cazenove and Lehman Brothers earlier last year to lead a flotation, but twice shelved the listing citing unsatisfactory market conditions.

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