fuboTV Inc. (FUBO) IPO Opens 10% Higher

Today's IPO for fuboTV Inc. (NYSE: FUBO) opened for trading at $11 after pricing 15,000,000 shares to 18,300,000 shares of common stock at a price to the public of $10.00 per share.

In addition, fuboTV has granted the underwriters a 30-day option to purchase up to an additional 2,745,000 shares of common stock at the public offering price, less underwriting discounts and commissions. All of the shares in the offering are to be sold by fuboTV.

Evercore ISI is acting as the lead book-running manager for the offering. BMO Capital Markets Corp., Needham & Company and Oppenheimer & Co. are acting as additional joint bookrunners for the offering. Roth Capital Partners and Wedbush Securities are acting as co-managers for the offering.

fuboTV is the leading sports-first live TV streaming platform offering subscribers access to tens of thousands of live sporting events annually as well as leading news and entertainment content. fuboTV’s base package, fubo Standard, features a broad mix of 100+ channels, including 43 of the top 50 Nielsen-ranked networks across sports, news and entertainment (Primetime A18-49).

Continually innovating to give subscribers a premium viewing experience they can’t find with cable TV, fuboTV is regularly first-to-market with new product features and was the first virtual MVPD to stream in 4K.

fuboTV merged with FaceBank Group in April 2020 to create a leading digital entertainment company, combining fuboTV’s direct-to-consumer live TV streaming platform for cord-cutters with FaceBank’s technology-driven IP in sports, movies and live performances.

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