Only in the hot streaming video business could a not-at-all-profitable startup, with only about as half a percent as much domestic customer base as Netflix, command an enthusiastic IPO … much less breathless trade press coverage.
Is this a great country, or what?!
FuboTV announced Wednesday evening that it has “upsized” its initial public offering from an original target of $150 million.
The service, which delivers a live-linear pay TV bundle over the internet and has over 350,000 subscribers, has increased the size of its offering from 15 million shares to 183 million, each priced at $10.
