Streaming service provider fuboTV jumps 10% in NYSE debut

Shares of fuboTV Inc jumped 10 per cent in their market debut on Thursday, after the streaming provider raised $183 million in its upsized initial public offering.

Stock opened at $11 per share on the New York Stock Exchange, compared to the IPO price of $10 per share.

At the debut price, fuboTV was valued at $684.3 million.

The company sold 18.3 million shares in its offering, up from its aim of selling 15 million shares between $9 and $11 apiece.

The company’s IPO comes at a time when customers under lockdown looking for more at-home entertainment have boosted demand for streaming services.