Naked Brand logo

NAKD - Naked Brand News Story

$0.512 -0.0  -1.6%

Last Trade - 3:15pm

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £175.6m
Enterprise Value £199.0m
Revenue £42.5m
Position in Universe 4331st / 6853

BUZZ-FuboTV rises as Reddit favorite prices $350 mln convertible debt deal

Fri 29th January, 2021 1:02pm
** Shares of streaming platform fuboTV  FUBO.N  up ~5% at
$41.90 premarket after capital raise
    ** FUBO offers privately $350 mln 5-yr 3.25% convertible
senior notes  urn:newsml:reuters.com:*:nBw5nF4dxa
    ** Co plans to use net offering proceeds for general corp
purposes, including business development, sales and marketing
activities, capex, debt repayment and potential acquisitions
    ** FUBO's shares fell ~15% on Thurs, snapping a 5-day
winning streak, but have surged recently amid social
media-driven trading frenzy that has forced hedge funds to cover
short positions
    ** Reddit group Wall Street Bets had FUBO this week among
most discussed short-squeeze candidates  urn:newsml:reuters.com:*:nL4N2K23PL
    ** Shares of GameStop  GME.N , front and center amid the
frenzy, AMC Entertainment  AMC.N  and Blackberry  BB.N , and
shares of other Reddit favorites take off before the bell as
Robinhood and Interactive Brokers  IBKR.O  said they planned to
ease trading restrictions on Fri  urn:newsml:reuters.com:*:nL4N2K432U  urn:newsml:reuters.com:*:nL4N2K43X2
    ** FUBO shares are up 42% to start 2021, after more than
tripling last year

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.