Sports swag retailer Fanatics is reportedly considering going public either via a SPAC deal or traditional IPO, reports The New York Times’ DealBook.
Fanatics has raised $320 million at a $12.8 billion valuation, more than double its valuation this summer, DealBook reports. The round was led by Silver Lake with participation by Fidelity, Neuberger Berman, Franklin Templeton, Blackstone, Thrive Capital and M.L.B. — all existing investors. A public offering is under consideration, though no decision has been reached on whether to cut a deal with a SPAC or go the traditional IPO route. Read more.
