MGO Global, operator of The Messi Store, prices $7.5M IPO By Investing.com

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MGO Global, operator of The Messi Store, prices $7.5M IPO

Published Jan 14, 2023 02:09

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MGO Global, operator of The Messi Store, prices $7.5M IPO

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By Investing.com Staff

MGO Global (NASDAQ:MGOL), a performance-driven lifestyle brand portfolio company, today announces the pricing of its Initial Public Offering (IPO).

As previously planned, the company offered 1,500,000 shares of common stock at $5 per share.

MGO is perhaps best known for its work with the famed soccer player Lionel Messi – the two have been partners since 2018, leading to the creation of The Messi Brand, a line of clothing that the company describes as "a premium line of functional and sporty casual wear, accessories and home décor that is inspired by the superstar’s persona and trend-setting fashion sense."

The company markets the clothing line through The Messi Store (themessistore.com) and recorded sales of $336K in the first nine months of 2022.

For the period, MGO posted a net loss of $1.86M.

MGOL is expected to open for trading later today, on Friday, January 13, 2023.

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