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Chicken Soup for the Soul Entertainment hopes to inspire investment

"Going public affords our loyal fans and others the opportunity to participate in the growth of our video content business."
Chicken Soup
It seeks to raise US$30mln in the IPO

Investing on Wall Street can at times be an arduous and stressful business, so perhaps there’s extra motivation for those looking at upcoming float Chicken Soup for the Soul Entertainment Inc.

The media company has launched a US$30mln IPO, offering shares priced at US$12 each.

Chicken Soup for the Soul Entertainment is the company borne out of the series of motivational books of the same name which were popularised in the nineties.

On its investor relations page, the company potential new shareholders: “Join us in our shared vision of hope, comfort, and the power of video stories that bring out the best of the human spirit.”

William Rouhana Jr, Chicken Soup chief executive, meanwhile, said: "Our customers and fans are passionate about our brand."

"Going public affords our loyal fans and others the opportunity to participate in the growth of our video content business."

The IPO is being run by joint bookrunners HCFP/Capital Markets LLC, The Benchmark Company and Weild & Co.

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