Lakewood Church IPO Set For Early Next Year
Dec 28, 2017 23:35:34 GMT -5
Post by Berean on Dec 28, 2017 23:35:34 GMT -5
Lakewood Church IPO Set For Early Next Year
December 28, 2017
HOUSTON, TX—America’s largest church has filed for an initial public offering which will take place early next year, Lakewood executives as well as a spokesman for the Securities and Exchange Commission confirmed Thursday.
The church will trade on the Nasdaq under the ticker FAVR.
Boasting $80 million in annual revenue from its heavily-trafficked retail operation and lucrative television business—as well as huge profit margins rarely seen in a company of its size—the ministry’s focus on furthering its explosive growth immediately solicited excitement from institutional and individual investors alike.
A Lakewood spokesman has confirmed Lakewood CEO Joel Osteen’s intention to ring the Nasdaq’s opening bell on the day of the IPO.
link
December 28, 2017
HOUSTON, TX—America’s largest church has filed for an initial public offering which will take place early next year, Lakewood executives as well as a spokesman for the Securities and Exchange Commission confirmed Thursday.
The church will trade on the Nasdaq under the ticker FAVR.
Boasting $80 million in annual revenue from its heavily-trafficked retail operation and lucrative television business—as well as huge profit margins rarely seen in a company of its size—the ministry’s focus on furthering its explosive growth immediately solicited excitement from institutional and individual investors alike.
A Lakewood spokesman has confirmed Lakewood CEO Joel Osteen’s intention to ring the Nasdaq’s opening bell on the day of the IPO.
link
