Authentic Brands Group (AUTH) Files $100M IPO

Authentic Brands Group filed a $100 million IPO. The company plans to list on the NYSE under the ticker 'AUTH'.

The offering is being led by BofA Securities, JP Morgan, Goldman Sachs, Jefferies, UBS, Wells Fargo, Cowen, Guggenheim, KeyBanc, Canaccord Genuity, and Telsey Advisory Group.

ABG is a world class brand development, marketing and entertainment company. The Company was founded in 2010 by CEO Jamie Salter with an innovative vision to expand the brand licensing paradigm. The platform combines the operational and financial benefits of a traditional brand licensor with the brand development, marketing and long-term value approach employed by the world’s most successful brands. They own the intellectual property of thee brands and receive licensing revenues from a diverse global network of licensees across a range of categories and territories. The platform integrates brand strategy, innovative marketing, rich content and centralized data analytics capabilities for their portfolio of over 30 iconic global brands which generated approximately $10 billion in annual Gross Merchandise Value (“GMV”) worldwide for the year ended December 31, 2020.

Between 2016 and 2020, the company achieved the following financial milestones:

• Increased Revenue from $165 million to $489 million, at a compound annual growth rate (“CAGR”) of 31%.
​• Increased Net Income Attributable to ABG LLC from $45 million to $211 million, at a CAGR of 47%.​
• Increased Net Income Attributable to ABG LLC Margin from 27% to 43%.​
• Increased Adjusted EBITDA from $121 million to $373 million, at a CAGR of 33%.
• Increased Adjusted EBITDA Margin from 73% to 76%.

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