Fanatics IPO: Investment Opportunities & Pre-IPO Valuations

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

Forge Price ¹

$42.00

Forge Price Date

01/20/2025

Post-Money Valuation ³

$31B

Total Funding

$6.28B

LFR Price per Share

$xx.xx

Last Funding Share Class

Private Equity Round 3

Learn More About Fanatics

To invest in Fanatics pre-IPO

Can you invest in Fanatics pre-IPO?

Fanatics is a privately held company and is not publicly traded, therefore investing in Fanatics pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.

Can you sell shares of Fanatics before it goes public?

You can seek to sell your shares in Fanatics while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.

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

To determine the value of your Fanatics shares, create a free account to gain access to Forge’s platform. In addition to the Forge Price, Forge Markets contains pricing information for hundreds of pre-IPO companies such as Last Closed Trade Price. A Private Market Specialist will also be available to assist you with any inquiries related to your Fanatics shares. You can also learn more about how to sell your private shares before getting started.

Is Fanatics a publicly traded company?

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

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 Markets, today.

When was Fanatics founded?

Fanatics was founded in 1995.

What is Fanatics funding to date?

Fanatics has raised $6.28B to date.

Fanatics Major Investors

Thrive Capital

Neuberger Berman Group

National Football League

Silver Lake Technology Management

Insight Venture Partners

Neuberger Berman

Insight Partners

Alibaba Capital Partners

Bank Of America

Temasek Holdings

Silver Lake Management

Softbank Investment Advisers

Mlb Advanced Media

Msd Capital

Softbank

Softbank, Silver Lake

Fidelity

Blackrock

Fidelity Investments

Franklin Templeton

Major League Baseball

Andreessen Horowitz

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Fanatics Funding Rounds and Valuation

Funding History Chart

Funding Round Details

	Funding Date	Share Class	Amount Raised	Price per Share	Post-Money Valuation	Key Investors
	12/06/2022	Private Equity Round 3	$700MM	$xx.xx	$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	$xx.xx	$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	$325MM	$xx.xx	$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	$xx.xx	$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	$xx.xx	$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	$xx.xx	$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	$xx.xx	$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	$xx.xx	$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	$xx.xx	$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

Access Stock Price

Private Companies Exploring an IPO

					Last Funding Round
Company		Forge Price	Forge Price Change ⁵	Last Closed Trade	Share Class	Post-Money Valuation	Price per Share	Amount Raised
	Cerebras	$40.08	+9.9%	$xx.xx	Series F-1	$2.84B	$xx.xx	$85MM
	CoreWeave	$1,149.84	+18.78%	$xx.xx	Series C	$19B	$xx.xx	$1.15B
	Chime	$24.86	-0.04%	$xx.xx	Series G	$24.93B	$xx.xx	$1.1B
	Klarna	$370.00	-1.33%	$xx.xx	Unknown	$6.7B	$xx.xx	--
	Turo	$12.96	-4.07%	$xx.xx	Series E	$1.24B	$xx.xx	$240.52MM
	Circle	$24.71	+2.49%	$xx.xx	Series F	$8.05B	$xx.xx	$401MM
	Netskope	$11.07	+2.98%	$xx.xx	Series H	$7.5B	$xx.xx	$300MM
	Liquid Death	$9.47	-0.11%	$xx.xx	Series F-1	$1.4B	$xx.xx	$67.61MM
	Cohesity	$15.66	-18.31%	$xx.xx	Series H-1	$4.69B	$xx.xx	$27.5MM
	MNTN	--	--	$xx.xx	Series D	$2.21B	$xx.xx	$119MM

See Tech IPO Calendar

Updated on: Jan 20, 2025

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