StatusPro IPO: How to buy the stock?

Highlights

• In August, StatusPro raised US$5.2 billion in a seed funding round led by KB Partners and Titletown Tech. Other key investors include Greycroft and Verizon Ventures.
• On Nov 11, it released a list of eminent names in the world of sports and music like basketball player LeBron James, rapper Drake as its new investors.
• These investments underscore the growing investor confidence in StatusPro's products and their impact on various industries, including sports.

Sports technology company StatusPro is gaining attention from investors after recently unveiling its strategic investor list, which includes the names of music and sports celebrities.

The technology firm combines data with virtual reality to provide a range of training and gaming products and services for players, fans, and customers.

The company saw robust investments recently. On Nov 11, it released a list of celebrated names in the world of sports and music like basketball player LeBron James, rapper Drake, and tennis star Naomi Osaka as its new investors.

These investments underscore the growing investor confidence in StatusPro's technology products and their impact on various industries, including sports.

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In August, it had raised US$5.2 billion in a seed funding round led by KB Partners and Titletown Tech. Other key investors include Greycroft, 49ers Enterprise, and Verizon Ventures.

StatusPro provides technology services to NFL teams like Baltimore Ravens. The company now aims to expand its business in the gaming sector.

Last year, it had partnered with NFL’s Lamar Jackson and released a range of products, including a one-time MVP (minimum viable product).

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Source: Pixabay

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StatusPro co-founders and former footballers Andrew Hawkins and Troy Jones are attracting huge funds from venture capitalists.

CEO Troy Jones said: "Besides the immense credibility our new investors bring to the business, they have proven the value of creating companies and brands that prioritize empowerment, diversity of thought, experience, and culture."

The company's chief business officer, Andrew Hawkins, lauded the celebrity investors for their faith in the company and said the StatusPro team got a "whole lot stronger."

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StatusPro IPO and how to buy the stock

StatusPro is not a publicly-traded company yet. Moreover, it hasn’t revealed a timeline for going public.

Although private equities are not easily accessible for retail investors, there are still ways to acquire them. For instance, an accredited investor can purchase such shares. On the other hand, an ordinary investor cannot buy StatusPro shares, but they can acquire them after the IPO.

Market watchdog, the Securities and Exchange Commission (SEC), currently restricts trade in private equities to protect investors interests.

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Bottomline

This year, the flurry of IPOs suggests the businesses' strong confidence in the economy despite widespread covid disruptions. Many companies have seen their stock prices grow manifold after their debut in the stock market this year.