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.
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