Kathy Ireland's Level Brands Closes $12 Million IPO
The brand marketing and licensing company is now trading on the NYSE American under the ticker symbol LEVB.
NORTH AMERICA–Level Brands, a brand marketing and licensing company supported by Kathy Ireland Worldwide, has closed its IPO of 2 million shares of common stock.
The IPO closed at a public offering price of $6 per share, for gross proceeds totaling $12 million, and the Level Brands common stock is now trading on the NYSE American under the ticker symbol LEVB.
"We are delighted that Level brands has chosen to list on NYSE American," says John Tuttle, global head of listings, NYSE. "We look forward to partnering with Level Brands as it continues to grow and support socially conscious consumer lifestyle, beauty and entertainment companies."
Kathy Ireland is the world's No. 26 largest licensor, reporting $2.6 billion in licensed retail sales in 2016, according to License Global's annual Top 150 Global Licensors report.