How to buy Fanatics stock as it 'acquires' Topps for $500M?

Highlights:

• Fanatics has reportedly acquired Topps for US$ 500 million, and the investment only includes Topps' sports and entertainment division.
• Potential investors are looking for Fanatics IPO plans and if they can invest in Fanatics stock.
• In March 2021, Fanatics secured US$ 320 million in a funding round and was reportedly valued at around US$ 12.8 billion.

Florida-based Fanatics, Inc. has sparked off an investors' interest after it was reported to have acquired Topps, an American collectables company.

Fanatics has reportedly acquired Topps for US$ 500 million, and the investment only includes Topps' sports and entertainment division. The American collectables company also has gift cards and candy businesses.

Also Read: Cruise IPO: How to buy this autonomous car maker's stock?

Potential investors are looking for Fanatics IPO plans and if they can invest in Fanatics stock. Let's further explore the company and find out what's in store for stock market enthusiasts.

Can you invest in Fanatics IPO or Fanatics Stock?

In March 2021, Fanatics secured US$ 320 million in a funding round and was reportedly valued at around US$ 12.8 billion.

It was reported that Fanatics was looking for an initial public offering (IPO). However, there's no announcement from the e-commerce company when it is going public.

                                                                                              © 2022 Kalkine Media®

Retail investors cannot buy the Fanatics stock as it is a private company, and they will have to wait for the company to start trading in a stock market.

Bottom line

Investors have renewed their interest in Fanatics IPO as the company had last year captured trading card rights for Major League Baseball (MLB), National Basketball Association (NBA), and the National Football League (NFL).

Fanatics' deal with MLB had ended the baseball league's decade-long partnership with Topps, and due to this reason, the collectables company could not go public through a merger with a special purpose acquisition company (SPAC).

Topps and MLB's deal reportedly ends in 2025. However, as Fanatics has acquired the company, it will get the trading car rights immediately.

Fanatics has expansion plans, and it aims to transform itself into a global digital sports company from regular online retailer of sports merchandise and equipment.

The Florida-based company has more than 40 offices across the world, and it claims to be a better-positioned company to service partners and fans.

2021 was a hot year for IPOs as many companies chose to go public in the equities market. As Fanatics seems to have solid growth and expansion plans, it could consider going public this year and raising money in gross proceeds. 

Also Read: Nuvo IPO: How to buy this pregnancy care platform's stock?