Dade Hayes Finance EditorStreaming bundle purveyor FuboTV says its forthcoming IPO on the New York Stock Exchange will see 15 million shares of common stock priced between $9 and $11 apiece.Founded by CEO David Gandler in 2015, Fubo heads into the fourth quarter expecting to be at 370,000 to 380,000 subscribers by the end of the year, up more than 28% from 2019 and ahead of initial forecasts.
Sports, which have returned after COVID-19-related interruptions, are key to the offering and are credited with spurring subscriber growth.
The company says revenue in the third quarter is expected to be $50 million to $54 million. After the stock offering, Fubo will trade under the ticker symbol “FUBO.” Currently traded over the counter, shares rose.
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