Brera Holdings, which operates amateur football club Brera FC in Milan, Italy, raised $8 million by offering 1.5 million shares at $5, the low end of the range of $5 to $6. The company revised the range twice before pricing, originally planning to offer the same number of shares at $4 to $6.
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.
Brera Holdings plans to list on the Nasdaq under the symbol BREA. Revere Securities acted as sole bookrunner on the deal.
