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Fanatics IPO

$31B

Private Equity Round 3 Valuation, Dec 2022

Unicorn

Buy And Sell Fanatics StockLearn More About Fanatics StockAdd To Watchlist

Fanatics IPO date and status

1995

Founded

IPO Mentioned

Confidential Filing

S-1 Filed

IPO

Company details

Fanatics was founded in 2002 by brothers Michael Trager and Alan Trager. CNBC reported in June 2023 claiming, “Fanatics held its second investor day in nearly a year as the company quietly moves closer to an initial public offering,” continuing that “A spokesman for Fanatics said the company’s timeline for an IPO hasn’t changed.” While there is talk of a Fanatics IPO, the company has not released any set date to go public.

Fanatics is a sports gear manufacturing company that specializes in the creation of jerseys and fan gear for retailers. Per Forge data, Fanatics raised $4.9 billion in funding over 11 rounds. Their latest funding was raised on Dec 6, 2022. Key investors include Alameda Research, Blackstone Group, Insight Partners, Thrive Capital, National Football League, Major League Baseball, and Silver Lake.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

fanatics.com

Sector

Consumer & Lifestyle

Subsector

Clothing, Fashion, Beauty & Apparel

Founded

1995

Headquarters

New York, NY, United States

Founder

Michael Rubin

Forge Price ¹

$42.00 -$5.24 (-11.09%)

Forge Price Date

02/04/2026

Market Activity ²

Low

Last Matched Price

Get Full Access

Post-Money Valuation ³

$31B

Total Funding

$4.4B

Last Funding Round

Private Equity Round 3

Learn more about Fanatics

To invest in Fanatics pre-IPO

Can you invest in Fanatics pre-IPO?

Fanatics is privately held and not traded on public markets, so pre-IPO investments are available only to accredited investors.

If you’re already accredited and have completed Forge’s verification, you can visit our marketplace to review and invest in private companies ahead of an IPO.

If you haven’t yet completed your accredited investor verification with Forge, you can start that process now to unlock access to new private-company offerings.

For more on who qualifies—and how to get verified—see our blog “Accredited investors, qualified clients and qualified purchasers: Who can invest?”

Can you sell shares of Fanatics before it goes public?

Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while Fanatics is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform.

If you’d like additional guidance at any point, Forge private market specialists are available to help. For a step-by-step overview, check out our seller’s guide.

What is the pre-IPO value of my Fanatics shares?

To explore the value of your Fanatics shares, create a free account to access Forge’s marketplace. Once inside, you’ll find several pricing insights to help guide your decision—these include historical transaction data, a live order book showing current buy and sell interest, and Forge Price™, a derived, indicative price based on recent transactions, investor activity, and other relevant market data.

These insights can help you determine a price you’re comfortable with if you choose to sell your shares. If you’d like additional guidance along the way, Forge private market specialists are available to help. You can also review our seller’s guide for a step-by-step overview.

Is Fanatics a publicly traded company?

Fanatics is a private company and not publicly traded.

If you’re interested in buying or selling shares in private companies, you can register with Forge today for free to explore available opportunities. Once registered, you’ll gain access to our marketplace, where you can view active buy and sell interest, evaluate pricing signals and take action directly through the platform.

To learn more about Fanatics potential IPO

Will Fanatics go IPO?

Fanatics has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.

What is Fanatics’ IPO price?

The Fanatics IPO price does not exist at this time, as Fanatics is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Fanatics, register for Forge today.

When was Fanatics founded?

Fanatics was founded in 1995.

What is Fanatics funding to date?

Fanatics has raised $4.4B to date.

Fanatics major investors

Alibaba Capital Partners

Andreessen Horowitz

Blackrock

Fidelity Investments

Insight Partners

Insight Venture Partners

Msd Capital

Silver Lake Technology Management

Softbank Investment Advisers

Temasek Holdings

Thrive Capital

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Fanatics pre-IPO valuation and funding rounds

Funding history chart

Funding round and deals details

	Funding Date	Round	Amount Raised	Price per Share	Post-Money Valuation ³	Key Investors
	12/06/2022	Private Equity Round 3	$700MM	$76.17	$31B	--
Price per Share $ xx.xx Shares Outstanding -- Liquidation Pref Order -- Liquidation Pref As Multiplier -- Conversion Ratio 1.0x Dividend Rate 0.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors --
	03/02/2022	Private Equity Round 2	$1.5B	$67.84	$27B	--
Price per Share $ xx.xx Shares Outstanding -- Liquidation Pref Order -- Liquidation Pref As Multiplier -- Conversion Ratio 1.0x Dividend Rate 0.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors --
	08/10/2021	Private Equity Round 1	$325MM	$47.37	$18B	Softbank, Silver Lake
Price per Share $ xx.xx Shares Outstanding -- Liquidation Pref Order -- Liquidation Pref As Multiplier -- Conversion Ratio 1.0x Dividend Rate 0.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Softbank, Silver Lake
	03/24/2021	Series F	$322.56MM	$34.87	$12.76B	Fidelity, Franklin Templeton, Major League Baseball, Neuberger Berman, Silver Lake Management, Thrive Capital
Price per Share $ xx.xx Shares Outstanding 9,250,265 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 0.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Fidelity, Franklin Templeton, Major League Baseball, Neuberger Berman, Silver Lake Management, Thrive Capital
	08/13/2020	Series E	$365MM	$17.29	$6.2B	Fidelity, Franklin Templeton, Neuberger Berman Group, Thrive Capital
Price per Share $ xx.xx Shares Outstanding 21,110,470 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 0.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Fidelity, Franklin Templeton, Neuberger Berman Group, Thrive Capital
	09/06/2017	Series D	$521MM	$14.17	$4.62B	Mlb Advanced Media, National Football League, Softbank
Price per Share $ xx.xx Shares Outstanding 36,767,818 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 0.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Mlb Advanced Media, National Football League, Softbank
	08/25/2015	Series C	$350MM	$9.00	$2.55B	Silver Lake Management, Softbank
Price per Share $ xx.xx Shares Outstanding 38,888,889 Liquidation Pref Order 2 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 0.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Silver Lake Management, Softbank
	06/07/2013	Series B	$170MM	$12.99	$3.21B	Alibaba Capital Partners, Temasek Holdings
Price per Share $ xx.xx Shares Outstanding 13,087,677 Liquidation Pref Order 3 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.1x Dividend Rate 0.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Alibaba Capital Partners, Temasek Holdings
	06/06/2012	Series A	$150MM	$7.88	$1.83B	Andreessen Horowitz, Bank Of America, Insight Venture Partners
Price per Share $ xx.xx Shares Outstanding 19,040,773 Liquidation Pref Order 4 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.1x Dividend Rate 0.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Andreessen Horowitz, Bank Of America, Insight Venture Partners

Fanatics IPO news and media highlights

The New York Times 02/02/2026

Fanatics announces exclusive partnership with David Beckham amid soccer card push - The Athletic

Fanatics' Beckham deal marks its latest effort in growing its soccer and international collectibles businesses.

Yahoo Finance Singapore 02/02/2026

Make-A-Wish, NFL, and Fanatics Team Up to Grant Super ...

The organization sets a new record, granting the largest number of wishes ever at a Super Bowl. NFL and Fanatics elevate the week with VIP moments and ...

Bloomberg.com 01/27/2026

Fanatics Taps Kendall Jenner for Its First Super Bowl ...

Fanatics Inc. will promote its sports-betting business in its first-ever Super Bowl ad featuring Kendall Jenner. The ad features Jenner revealing that her ...

The New York Times 01/14/2026

Jayden Daniels to join Tom Brady in Fanatics flag football event in Saudi Arabia - The Athletic

The March event, held at Kingdom Arena, will be a round-robin tournament with three teams made up of current and former NFL players.

Browse More Insights

Private companies exploring an IPO

See which private companies are preparing for the public market. Register to get full access to the latest secondary market pricing data.

Sector: Consumer & Lifestyle

Subsector: Clothing, Fashion, Beauty & Apparel

Trade Metrics				Last Funding Round
Company		Forge Price	Last Matched	Round	Post-Money Valuation ³	Price Per Share	Amount Raised
	Discord	$265.87 -$1.10 (0.41%)	$ xx.xx	Series I	$15B	$550.62	$500MM
	Strava	$13.99 -$6.01 (30.05%)	$ xx.xx	Series F-1	$2.2B	$13.99	$50MM
	Shein	Not available	$ xx.xx	Not available	--	--	--
	SeatGeek	Not available	$ xx.xx	Series E	$1.24B	$5.35	$238MM
	SKIMS	Not available	$ xx.xx	Senior	$5B	$403.16	$225MM
	Mammoth Brands	Not available	$ xx.xx	Series F	$2.36B	$18.26	$146.08MM
	Meesho	Not available	$ xx.xx	Series E-1	$3.9B	$56.00	$227MM
	Zazzle	Not available	$ xx.xx	Not available	--	--	--
	Oyo	Not available	$ xx.xx	Not available	--	--	--
	MBX	Not available	$ xx.xx	Series X	$205.32MM	$1.00	$6.5MM

See Tech IPO Calendar

Private market movers

Track trading activity and investor momentum across thousands of private companies. Register to view last matched prices and additional transactional details.

Actively traded

Company	Forge Price	Market Activity	Last Matched
SpaceX	$447.23 -$2.12 (0.47%)	High	$xxx.xx
Anthropic	$261.91 -$11.07 (4.06%)	High	$xxx.xx
OpenAI	$723.12 +$0.12 (0.02%)	High	$xxx.xx
Anduril	$105.00 -$0.53 (0.50%)	High	$xxx.xx
Databricks	$197.72 +$0.06 (0.03%)	High	$xxx.xx

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Artificial Intelligence (AI)

Company	Forge Price	Market Activity	Last Matched
Anthropic	$261.91 -$11.07 (4.06%)	High	$xxx.xx
OpenAI	$723.12 +$0.12 (0.02%)	High	$xxx.xx
Anduril	$105.00 -$0.53 (0.50%)	High	$xxx.xx
Databricks	$197.72 +$0.06 (0.03%)	High	$xxx.xx
Waymo	Not available	Limited	$xxx.xx

See All AI Companies

Forge, your trusted partner for pre-IPO insights and Fanatics data

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Updated on: Feb 3, 2026

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