Last week, fuboTV announced the launch of its public offering of 15 million shares of stock at $9.00 to $11.00 per share. Today, the company announced that it will increase the offering from 15,000,000 to 18,300,000 shares of common stock at a price of $10.00 per share.
fuboTV also announced that its common stock has been approved for listing on the New York Stock Exchange and will begin trading today, October 8, under the symbol FUBO.
Earlier this year, fuboTV merged with FaceBank Group, remaining under the name fuboTV. “The merger creates 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,” fuboTV said in a statement at the time.
In August, the streaming service announced that it had reached 286,126 subscribers and revenue of $44.2 million, a 53% increase year over year. fuboTV expects to be at 400,000 subscribers by the end of 2020.