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Irish football club owner Brera Holdings (THE SILVER) updated the terms for a proposed $8 million initial public offering.
Brera said in a profile currently plans to offer 1.5 million shares at $5 a share. share, a variable number. Previously, the company said it was looking at pricing stocks between $4 and $6.
Underwriters will be given a 45-day option to purchase up to 225,000 additional shares to cover any excess allocation. Revere Securities is acting as the lead bookkeeper. The company intends to list its shares on Nasdaq under the symbol BREA.
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 emerging markets. such as South America, Africa and Eastern Europe.
Meanwhile, iconic UK football club, Manchester United, is said to be up for sale. On Thursday, the BBC said the club could spring sale.
For more on Brera, read Donovan Jones’s “Brera Holdings aims for US micro-IPO.”
