LiveXLive Media Plans $100 Million IPO for October 19th (LXL)
In the last twelve months, LiveXLive Media generated $14.8 million in revenue and had a net loss of $3.3 million. LiveXLive Media has a market cap of $570.5 million.
BMO Capital Markets acted as the underwriter for the IPO and JMP Securities and Craig-Hallum Capital Group were co-managers.
LiveXLive Media provided the following description of their company for its IPO: “(Note: “Our common stock has been quoted on the OTC Pink marketplace under the symbol “LIVX” since July 24, 2015.”) We are one of the world’s only premium internet networks devoted to live music and music-related video content. We intend to fill a market void by becoming a central content, information and transaction hub for music consumers and industry stakeholders around the world. We are geared for the digital generation, and our mission is to bring the experience of live music and entertainment to internet users by delivering live streamed and on demand content to nearly any internet-connected screen. “.
LiveXLive Media was founded in 2009 and has 20 employees. The company is located at 269 South Beverly Drive, Suite #1450, Beverly Hills, CA 90212, US and can be reached via phone at (310) 601-2500 or on the web at http://www.livexlive.com.
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