FuboTV to List Shares on New York Stock Exchange

(Image credit: fuboTV)

FuboTV said it intends to list its stock on the New York Stock Exchange and has launched a public offering of 15 million common shares.

The offering price is expected to be $11 per share.

In August  fuboTV, which merged with Facebank Group in April, reported losing $100 million in the second quarter. Revenue rose 53% to $44.2 million as users of its virtual pay-TV service increased by 47% to 286,000.

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

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.