August 19, 2025

Cinemark Announces Dual Listing on NYSE Texas

News Summary

Cinemark Holdings, Inc. has commenced dual listing its common stock on NYSE Texas, enhancing its ties with local investors. With 25% of its theaters located in Texas, Cinemark is solidifying its presence in the state, offering better accessibility for investors. As the company competes with other theater chains, it continues to innovate with premium offerings and a subscription program, ensuring that it remains a favorite destination for moviegoers in Texas. This strategic move is seen as a step to foster growth in the evolving entertainment landscape.

Texas – Cinemark Holdings, Inc. has announced a dual stock listing on NYSE Texas, a newly launched fully electronic equities exchange based in Dallas. This strategic move will allow Cinemark’s common stock to be traded under the ticker symbol “CNK” on both NYSE Texas and its primary listing on the New York Stock Exchange (NYSE), which has been in place since 2007. The aim of the dual listing is to enhance accessibility for investors in Texas and support the state’s growing financial ecosystem.

CEO Sean Gamble emphasized that more than 25% of Cinemark’s domestic theaters are located within Texas, indicating the company’s significant presence in the state. In addition to its theaters, Cinemark operates a service center based in Plano, Texas, and employs thousands of team members who serve millions of customers annually.

The listing on NYSE Texas is expected to strengthen Cinemark’s connection to Texas, reinforcing its role in the local community. Bryan Daniel, the President of NYSE Texas, noted that Cinemark is well-positioned as a founding member of the NYSE Texas community, making it a natural fit for the new exchange.

As of June 30, 2025, Cinemark operated a total of 497 theaters globally, with 5,647 screens across 42 U.S. states and 13 countries in South and Central America. The company offers various cinematic experiences, from a subscription service known as Movie Club to premium amenities like Luxury Lounger recliner seating and XD, its leading premium large format offering.

The dual listing could potentially improve stock liquidity and visibility for Cinemark, attracting local investors interested in the cinema chain. Analysts suggest that while this move may enhance regional investor accessibility, it may not have an immediate impact on the company’s earnings performance. Rather, the initiative appears to be aligned with a broader strategy to adapt to shifting consumer behaviors, competition from streaming platforms, and the ongoing recovery of the entertainment sector as it emerges from pandemic-related challenges.

Cinemark faces competition from other major theater chains such as AMC Entertainment and Regal Entertainment. To maintain its competitive edge, the company is focusing on improving viewer experiences and updating in-theater technology in response to market demands.

The dual listing on NYSE Texas represents a significant development for Cinemark, underlining its commitment to enhancing regional engagement while also reflecting its broader goals in the rapidly evolving entertainment landscape. The initiative not only highlights the importance of Texas in Cinemark’s operational strategy but also illustrates the company’s efforts to navigate a challenging industry by fostering closer ties with local investors.

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