© Reuters. The Messi Store operator (MGOL) IPO opens 72% higher, halts
Today’s IPO for MGO Global Inc.(MGOL), operator of The Messi Store, opened for trading at $8.60 pricing of its initial public offering of 1,500,000 shares of its common stock at a price to the public of $5.00. Shares were quickly halted on volatility following the opening spike higher.
Boustead Securities, LLC and Sutter Securities, Inc. are acting as the underwriters for the Offering.
Founded in October 2018 and headquartered in Florida with remote employees and specialty contractors in London, New York and Latin America, MGO Global is a performance-driven lifestyle brand portfolio company focused on strategically leveraging the fame, celebrity power and global social media influence of world class athletes, entertainers and other cultural icons to create fresh, modern and compelling product and apparel brands aligned with and inspired by the values, personal styles and aspirations of our valued brand partners. Anchored by MGO Global’s end-to-end, scalable brand development platform, coupled with its leadership’s track records of success and industry relationships and expertise, in late 2018, the Company launched The Messi Brand – a premium line of functional and sporty casual wear, accessories and homewares inspired by legendary pro soccer player Leo Messi and found at www.TheMessiStore.com.
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