Athlete Stock IPO Could Draw Regulators Along With Fans

By Zachary Zagger (December 2, 2015, 9:35 PM EST) -- Sports fans and investors may soon be able to purchase a security tied to the income of 10 of their favorite professional athletes through a new tracking stock offered by brokerage Fantex Inc., but some attorneys warn this nascent investment product may not be viable or quite legal.

Fantex, a San Francisco startup that offers stock in professional athletes, said Monday it is planning a $29.5 million initial public offering on the Nasdaq Capital Market for a tracking stock tied to the income of 10 individual athletes, including nine NFL players and one Major League Baseball pitcher.

The brokerage is touting...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!