Is fanatics near IPO?

Fanatics may be inching ever closer to its long-expected IPO. On Wednesday, the digital sports merchandising platform raised another $1.5 billion, which now values the company at $27 billion. More from WWD The investors in this round include BlackRock, Fidelity and MSD Capital, Michael Dell’s private investment firm.

How much is fanatics worth?

Fanatics, the global platform company, is valued at $31 billion. It has experienced rapid growth and made several acquisitions in the past couple of years, including Topps trading cards and clothing brand Mitchell & Ness. The company most recently has had its eyes on sports betting, scooping up PointsBet’s U.S. assets for about $150 million in May.

Is Fanatics a publicly traded company?

Fanatics was not a publicly traded company as of late 2023. It had yet to complete its initial public offering (IPO). IPO (Initial Public Offering) is the first sale of stock by a private company to the public, making it a publicly traded entity. When will Fanatics launch an IPO? Fanatics didn't have an IPO on the calendar as of late 2023.