Authentic Brands Group could pursue an initial public stock offering (IPO) as early as the first half of next year. CEO Matthew Maddox told Bloomberg TV that the licensing giant is “ready to go.” The company posts an 81% profit margin on $2.2 billion in revenue, with organic growth between 7% to 8% annually. Authentic owns $10 billion of intellectual property, and Maddox wants to double that over the next 24 months.Authentic Brands Targets Creator Economy, Eyes Public Offering [Bloomberg] For mo...
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