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Big3 targets $290 million valuation in planned NYSE listing this year

Ice Cube said the 3-on-3 basketball league expects to be “full of billionaires” as CEO & founder of the Big3 pursues a public market debut.

Summary

Big3 is seeking a $290 million valuation as the 3-on-3 basketball league plans to go public on the NYSE this year. Ice Cube said the league is going to be “full of billionaires,” framing the listing as a step toward bringing in wealthy owners and expanding the business through public markets.

Terms & Concepts
  • valuation: Estimated total worth of a company.
  • NYSE: New York Stock Exchange, a major U.S. stock market.