Brera Holdings, which operates the amateur football club Brera FC in Milan, Italy, filed on Friday with the SEC to raise up to $8 million in an initial public offering.
The Dublin, Ireland-based company plans to raise $8 million by offering 1.5 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Brera Holdings would command a market value of $56 million.
Brera Holdings is an Irish holding company which seeks to develop a global portfolio of emerging football clubs. The company acquired Brera FC in July 2022. The company positions Brera FC as an alternative to the two mainstream Milanese clubs, Inter Milan and AC Milan. Brera Holdings aims to expand its portfolio, and is planning on using the proceeds from its IPO to acquire other football assets in North Macedonia, Mozambique, and/or Argentina.
The company is led by CEO Sergio Scalpelli, while Daniel McClory, CEO of US boutique investment bank Boustead Securities, is Executive Chairman.
The company was founded in 2000 and plans to list on the Nasdaq under the symbol BREA. Brera Holdings filed confidentially on August 3, 2022. Revere Securities is the sole bookrunner on the deal.
