Exhibitor AMC Entertainment is looking to float Britain’s Odeon cinemas group on the London stock exchange, according to reports.

The company is working with investment bank Citi on an initial public offering, according to wire service Reuters. It is thought to be looking to value the European group, which it acquired in 2016 and now also includes Nordic Cinema, the largest cinema chain in the Nordic and Baltic regions, at around $2B.

It is considering the move by the middle of 2019 as it is keen to take advantage of higher valuations in European markets.

It comes after New York-listed AMC, which is majority owned by China’s Dalian Wanda Group, said in November that it may pursue an IPO of the division.

“It has not escaped our notice that even though European public markets value movie theaters at double-digit EBITDA multiples, we are not seeing such valuations for our European assets at these levels when they are buried within AMC,” said AMC Chief Executive Adam Aron said on an investor call.

Earlier this month, AMC Entertainment Holdings reported a fourth-quarter loss of $276.4 million, but it exceeded Wall Street’s revenue estimates thanks to record ticket, food and beverage sales. The exhibitor chain reported a 53% surge in total revenues to $1.42 billion — growth that was fueled by Odeon Cinemas Group, Carmike Cinemas and Nordic Cinema Group.