Chicken Soup for the Soul Entertainment Launches an IPO
Chicken Soup for the Soul Entertainment, a subsidiary of Chicken Soup for the Soul LLC known for its bestselling book series, launched an IPO to raise $30 million on Monday. Further, the media company, which strives to "provide positive and entertaining video content that brings out the best of the human spirit," has applied to list its stock on the Nasdaq Global Market under the symbol “CSSE."
The public offering was made possible through an exclusive distribution agreement with Ashton Kutcher’s company A Plus, the media company behind APlus.com. The partnership will allow Chicken Soup for the Soul Entertainment to grow its video content offerings and develop and distribute high quality, short form videos and articles to millions of people around the world, according to a press release.