Authentic Brands Group could pursue an initial public offering as early as the first half of next year, according to Dealbreaker citing comments made by CEO Matthew Maddox on Bloomberg TV. Maddox said the licensing company is “ready to go,” according to Dealbreaker.
IPO timing and public-market plans
Authentic Brands Group could pursue an IPO as early as the first half of next year, according to Dealbreaker citing Bloomberg TV. Dealbreaker reported that the listing could come early next year.
Operating metrics cited by CEO
Authentic Brands Group posts an 81% profit margin on $2.2 billion in revenue, according to Dealbreaker. The company has organic growth between 7% and 8% annually, according to Dealbreaker’s summary of Maddox’s remarks.
Intellectual property portfolio and acquisition target
Authentic owns $10 billion of intellectual property, according to Dealbreaker. Maddox said he wants to double that intellectual property figure over the next 24 months, according to Dealbreaker.
Source and additional context
Dealbreaker referenced a Bloomberg item titled “Authentic Brands Targets Creator Economy, Eyes Public Offering,” according to Dealbreaker. IPOs are initial public stock offerings that can allow private companies to list shares for public trading, which is widely known context.
