fuboTV Will Go Public on NYSE




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After sharing plans to go public this summer, fuboTV announced today the launch of its public offering of 15 million shares of stock at $9.00 to $11.00 per share.

The company will list its stock on the New York Stock Exchange with 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.

With the merger, fuboTV shared plans for global expansion.

Since the merger and initially announcing that the company would go public, fuboTV raised $20 million in funding from Credit Suisse Capital.

In August, fuboTV announced that it had reached 286,126 subscribers and revenue of $44.2 million, a 53% increase year over year. The streaming service expects its subscriber count to be well over 400,000 by the end of the year, thanks to a surge of new signups at the start of the NFL season.

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