Fanatics Inches Toward IPO
The licensed apparel juggernaut was valued at $31 billion in Dec., when it raised a $700 million funding round, but a private investor day held last week is another sign that a public offering is the likely end game for the Michael Rubin helmed company. Media was not invited to the NYC meeting, which was also broadcast online, but a source told MSNBC that more than 100 institutional investors were in attendance, with another 300 on Zoom. According to the report, executives from Fanatics’ several business units—which include Commerce, Collectibles, and ... Log in to view full article.