Fantex Delays IPO Due to Arian Foster's Injury

REPLAY VIDEO
Your next video will start in
Pause

Recommended Videos

  • Info

  • Comments

  • VIDEO TEXT

Nov. 13 (Bloomberg) -- On today's "The Roundup," Matt Miller, Cristina Alesci, Adam Johnson, Alix Steel and Olivia Sterns wrap up the day’s top market stories on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Has its initial public offering.

They filed with the securities and exchange commission last month with lands to raise $10.6 million with shares at $10 for a houston texas running back.

You are not a football fan?

Foster has to undergo season- ending back surgery and it was supposed to be the first public offering for a professional athlete.

Vernon davis is the only other player with an agreement.

This is a crazy story.

They were going to give investors the rights to about 20% of the earnings.

In exchange, they would get the proceeds of the ipo.

It had a lot of red flags around a play on fantasy football 2.0. in this instance him it looks like the company dodged a bullet because if it priced its ipo and investors would have seen a decline in the stock, it would have been bad for the company.

Isn't there more risk for this deal anyway?

The average value investor -- they dodged a bullet on this one.

It is incredible.

David bowie had his stock.

I was just about to say david bowie.

The bowie bonds back in the 90s. it was tied to sales of his back catalogue.

I'm looking at crocs, those crazy, ugly shoes, they are unlikely to get the buyout deal they were hoping for.

Private equity firms him including lack stone and kkr explored a bid for a company, but chances are slim.

But it could be worth 16 to 18 in an lbo's scenario.

They are exploring other options like a sale or other options.

90% of its cash balances sitting offshore.

It has a ton of stores, almost 600, and there's not a lot of synergy.

The takeover would need to have a huge international operations order for this to take cents grade but it highlights how much this company has struggled.

Their sales and earnings outlook are terrible.

Look at those shoes.

You don't like those?

It represents only 37% of the revenue.

They have fur-lined boots that they sell in russia.

At 10 ugly shoe.

I think those shoes looked fantastic.

If you are going to go sailing, i would wear top sider's -- if you are going to go sailing, those make sense.

That's all.

I want to get to some real news.

Cisco is out with them earnings and its generally a solid actor.

Looks like they come in with

This text has been automatically generated. It may not be 100% accurate.

Advertisement

BTV Channel Finder

Channel_finder_loader

ZIP is required for U.S. locations

Bloomberg Television in   change