LiveXLive Media, which provides an online network for streaming live music, announced terms for its IPO on Friday.
The Beverly Hills, CA-based company plans to raise $100 million by offering 7.7 million shares at a price range of $12 to $14. At the midpoint of the proposed range, LiveXLive Media would command a market value of $571 million.
LiveXLive Media was founded in 2009 and booked $3 million in revenue for the 12 months ended June 30, 2017. It plans to list on the NYSE under the symbol LXL. BMO Capital Markets is the sole bookrunner on the deal. It is expected to price during the week of October 16, 2017.
