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Chicken Soup Entertainment raises US$20mln in IPO

Last updated: 22:50 18 Aug 2017 AEST, First published: 17:50 18 Aug 2017 AEST

IPO
The stock will start trading later today on the Nasdaq, under the ticker symbol "CSSE".

Chicken Soup for the Soul Entertainment Inc (NYSE:CSSE) said that it has closed its US$30mln Reg A+ initial public offering, after selling 2.5 mln shares at US$12 apiece.

The Reg A+ format was created by the JOBS Act, which aims to provide access to capital for smaller companies.

The company provides video content that aims to bring out the best in people.

HCFP/Capital Markets LLC, The Benchmark Company LLC and Weild & Co. were underwriters of the deal.

The stock will start trading later today on the Nasdaq, under the ticker symbol "CSSE".

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