Chicken Soup for the Soul Rings NASDAQ Bell and Raises $30 Million with Reg A+
Last Friday, Chicken Soup for the Soul Entertainment rand the NASDAQ opening bell and began trading on the NASDAQ after completing a $30 million Reg A+ IPO.
The company raised approx. $30 million at a reported pre-money valuation of $120 million.
William J. Rouhana, Jr., Chairman and CEO of CSS Entertainment, commented on the successful IPO; “Investor demand for our IPO was extraordinary. Social media played a critical role in driving demand. While we anticipated that the combination of social media and our well-recognized brand would generate significant awareness, the number of prospective investors interested in our IPO exceeded even our expectations.”
Scott W. Seaton, vice chairman and chief strategy officer of CSS Entertainment, added, “Reg A+ allowed us to marry ‘the crowd’ with institutional and other traditional Wall Street investors. We believe this blend is one of the keys to a successful Reg A+ IPO.”
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