Fanatics Holds Second Investor Day Ahead of IPO
Fanatics founder and CEO Michael Rubin at his New York office.
Washington Post | Getty Images
Fanatics has held its second investor day in almost a year as it quietly approaches its initial public offering, a person familiar with the matter told CNBC.
Over 100 existing and prospective institutional investors in leading companies such as goldman sachs and barclays They met with Fanatics founder and CEO Michael Rubin at a meeting at the NBA Players Association headquarters in New York on Tuesday, according to people familiar with the matter. In addition, he had 300 people participate in a virtual conference on his Zoom.
Leaders from all areas of the business gave presentations and participated in question-and-answer sessions with the audience.
A Fanatics spokeswoman said the company’s IPO schedule remains unchanged.
Investors were also treated to a surprise visit from the company’s investor, football great Tom Brady.
Brady spoke to investors about business and leadership and interacted with the audience.
Florida-based Fanatics was founded in 2011 by Rubin, former co-owner of the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils. Fanatics currently has exclusive licensing agreements with the NFL, NHL, NBA, MLB, and colleges to manufacture and sell official team merchandise.
Last November, Rubin Bringing together sell-side analysts To meet and talk about the company’s growth plans.
In April, the company announced hiring Deborah Crawford from meta He will lead the company’s new position, Investor Relations.
Fanatics, a global platform company, worth $31 billion. The company has grown rapidly and has made several acquisitions over the past few years. tops trading cards and apparel brands Mitchell & Ness.
The company recently turned its attention to sports betting, US Assets of PointsBet at about $150 million in May.
Fanatics is a two-time CNBC Disruptor 50 company. sign up Beyond the annual Disruptor 50 list, our original weekly newsletter details private companies like Fanatics that continue to innovate in every sector of the economy.
Summarize this content to 100 words Fanatics founder and CEO Michael Rubin at his New York office.Washington Post | Getty ImagesFanatics has held its second investor day in almost a year as it quietly approaches its initial public offering, a person familiar with the matter told CNBC.Over 100 existing and prospective institutional investors in leading companies such as goldman sachs and barclays They met with Fanatics founder and CEO Michael Rubin at a meeting at the NBA Players Association headquarters in New York on Tuesday, according to people familiar with the matter. In addition, he had 300 people participate in a virtual conference on his Zoom.Leaders from all areas of the business gave presentations and participated in question-and-answer sessions with the audience.A Fanatics spokeswoman said the company’s IPO schedule remains unchanged.Investors were also treated to a surprise visit from the company’s investor, football great Tom Brady.Brady spoke to investors about business and leadership and interacted with the audience.Florida-based Fanatics was founded in 2011 by Rubin, former co-owner of the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils. Fanatics currently has exclusive licensing agreements with the NFL, NHL, NBA, MLB, and colleges to manufacture and sell official team merchandise.Last November, Rubin Bringing together sell-side analysts To meet and talk about the company’s growth plans.In April, the company announced hiring Deborah Crawford from meta He will lead the company’s new position, Investor Relations.Fanatics, a global platform company, worth $31 billion. The company has grown rapidly and has made several acquisitions over the past few years. tops trading cards and apparel brands Mitchell & Ness.The company recently turned its attention to sports betting, US Assets of PointsBet at about $150 million in May.Fanatics is a two-time CNBC Disruptor 50 company. sign up Beyond the annual Disruptor 50 list, our original weekly newsletter details private companies like Fanatics that continue to innovate in every sector of the economy.
https://www.cnbc.com/2023/06/13/fanatics-holds-second-investor-day-as-the-company-moves-toward-ipo.html Fanatics Holds Second Investor Day Ahead of IPO