Fans of YouTube superstar Jimmy ‘MrBeast’ Donaldson may soon have the chance to buy into his company and own part of the MrBeast brand.
Over the last few years, a number of creators and organizations have sought outside investment to help elevate their content. FaZe Clan was the most high-profile of the bunch, with stock being listed on the NASDAQ for a few months before being removed. They managed to hit a peak of $20 per share too.
Following the success of his Beast Games series, MrBeast has looked to raise “hundreds of millions” for his future projects. That would value his company around the $5 billion mark. Not only does that include his YouTube videos and Amazon Prime Video series, but also other things like a cell phone network and financial services.
Jeff Housenbold, CEO of Beast Industries, also admitted that the company has ambitions to be the next Disney too. The way to do that, it seems, is by allowing fans to buy into the company.
Beast Industries IPO hinted at by CEO
It was a topic that came up during MrBeast and Housenbold’s conversation at the DealBook Summit on December 4, with Housenbold being asked about an IPO (initial public offering).
“At some point, we want to be able to give the 1.4 billion unique people around the world who has watched Jimmy’s content in the last 90 days a chance to be owners of the company,” the Beast Industries CEO responded.
As noted, if it comes to fruition, this would see Beast Industries follow both FaZe Clan and Pinkfong in going public off the back of their success on YouTube and afar.
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Outside investment would, no doubt, be needed for Beast Industries’ plans for a mobile network and financial services. They’ve already noted that they’d partner with a fintech brand for the latter.
It remains to be seen if and when they’ll get around to a stock offering, and just how well it might be taken up by fans.