Authentic Brands Group Inc, a world-class brand development, marketing and entertainment company, has filed Form S-1 Registration Statement on June 6, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce. Sources estimate the total proceeds raised would up to $1.5 billion.
The company vision to expand the brand licensing paradigm. Their platform combines the operational and financial benefits of a traditional brand licensor with the brand development, marketing and long-term value approach employed by the world’s most successful brands.
The New York, New York-based company was founded in 2010 and booked $529 million in sales for the 12 months ended March 31, 2021. It plans to list on the NYSE under the symbol “AUTH.” BofA Securities, J.P. Morgan, Goldman Sachs, Jefferies, UBS Investment Bank, Wells Fargo Securities, Cowen, Guggenheim Securities, and KeyBanc Capital Markets are underwriters of the IPO.
The company engages Latham & Watkins LLP as US Securities Counsel, and Grant Thornton LLP as Independent Auditor.
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