ismagilov
Irish football club owner Brera Holdings (BREA) has applied to raise $8 million through a US initial public offering.
Brera said in its profile that they are considering offering 1.5 million shares priced at $4 to $6, which would raise about $8 if valued at mid point. Underwriters will be granted a 45-day call option to purchase up to 225,000 additional shares to cover any over-allocation.
The company intends to list its shares on Nasdaq under the symbol BREA. Revere Securities is acting as the bookrunner leader.
Based in Dublin, Brera bought Italian amateur football association Brera in July 2022. The company plans to use the proceeds from the IPO to buy football clubs in new markets. such as South America, Africa and Eastern Europe.
For more IPO news, check out SA’s IPO News Page.
