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Fanatics, founded in 1995 and headquartered in New York, is a leading e-commerce platform for licensed sports merchandise. The company has expanded its offerings beyond its core commerce business to include sports betting, collectibles, and live shopping experiences. With a database of over 90 million consumers worldwide, Fanatics has established partnerships with major professional sports leagues and hundreds of collegiate and professional teams.
The company has demonstrated significant growth and market presence in recent years. Fanatics' commerce business remains its largest revenue source, but new ventures are already generating additional income streams. In 2022, Reuters reported that Fanatics ended the year with more than $2 billion in cash and was expected to generate $8 billion in revenue in 2023.
While there have been no official announcements regarding an initial public offering (IPO), there have been reports of Fanatics taking steps that could indicate preparation for going public. In June 2023, CNBC reported that Fanatics held its second investor day in nearly a year, with over 100 existing and prospective institutional investors attending in person and an additional 300 participating virtually.
Factors that may influence any potential IPO decision include Fanatics' continued expansion into new markets, such as sports betting and collectibles, as well as its strategic partnerships with major sports leagues and teams. The company's ability to leverage its large consumer database and innovative business model could also be significant considerations.
It's important to note that any discussions about a potential Fanatics IPO are based on reports and should not be considered definitive. As with any private company, the decision to go public ultimately rests with Fanatics' leadership and stakeholders.
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While Fanatics' IPO prospects remain uncertain, investors eager to gain exposure to the sports merchandise and digital collectibles market don't have to wait. At Linqto, we offer members access to interests in pre-IPO private companies, including potential leaders in the sports and e-commerce sectors. Our platform allows you to diversify your portfolio with lower minimum investments, potentially benefiting from the growth of companies like Fanatics before they go public.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
