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Live Streaming Platform FaceBank Group Files for $100 Million US IPO

Esther Thin

FaceBank Group Inc, a live TV streaming platform, has filed Form S-1 Registration Statement on August 11, 2020 with U.S Securities and Exchange Commission to raise up $100 million in the IPO. Pricing terms are yet to announce.
The company has approximately 316,000 paid subscribers as of December 31, 2019 and their user streamed 299 million hours on their platform which has an increase of 210% over 2018.
The New York, New York-based company was founded in 2009 and booked $169 million in revenue for the 12 months ended March 31, 2020. It plans to list under the symbol “FUBO” but has not selected an exchange yet. Evercore ISI, BMO Capital Markets, Needham & Co., Oppenheimer & Co., Roth Capital, and Wedbush Securities are underwriters of the IPO.
The company engages Anthony L.G., PLLC as US Securities Counsel, and L J Soldinger Associates, LLC as Independent Auditor.
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