fuboTV, a leading sports-first live TV streaming platform, has closed an upsized underwritten public offering of 18,300,000 shares of common stock from 15,000,000 shares. fuboTV secured approximately $183 million in gross proceeds, with each of the shares sold at the public offering price of $10. In addition, the company has granted the underwriters a 30-day option to purchase up to an additional 2,745,000 shares of common stock at the public offering price. fuboTV also announced that, in connection with the offering, its common stock was approved for listing on the New York Stock Exchange (NYSE) and began trading under the symbol “FUBO” on Oct. 8, 2020. Roth Capital Partners LLC (“ROTH”) acted as co-manager for the offering.
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About fuboTV Inc.
fuboTV is the leading sports-first live TV streaming platform offering subscribers access to tens of thousands of live sporting events annually as well as leading news and entertainment content. fuboTV’s base package, fubo Standard, features a broad mix of 100+ channels, including 43 of the top 50 Nielsen-ranked networks across sports, news and entertainment (Primetime A18-49).
Continually innovating to give subscribers a premium viewing experience they can’t find with cable TV, fuboTV is regularly first-to-market with new product features and was the first virtual MVPD to stream in 4K. fuboTV merged with FaceBank Group in April 2020 to create a leading digital entertainment company, combining fuboTV’s direct-to-consumer live TV streaming platform for cord-cutters with FaceBank’s technology-driven IP in sports, movies and live performances. For more information, please visit www.fubo.tv.
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