Type Corporation Number of employees 0-50 | Founded 2012 Website www.fantex.com | |
Industry Securities Issuer, Online Brokerage Headquarters San Francisco, California, United States | ||
Fantex Holdings, Inc. is a U.S.-based financial services and brand development company headquartered in San Francisco, California which provides an investment service allowing investors to trade securities tied to the cash flows of professional athletes and their brand contracts with Fantex. Since their first Initial Public Offering of shares linked to future earnings of San Francisco 49ers Pro Bowl tight end Vernon Davis in October 2013, Fantex has continued to initiate brand contracts and list more athletes on their exchange. The Fantex asset class has been compared to investments similar to the celebrity bonds offered by professional entertainers, including the 1997 offering by David Bowie.
Fantex is a holding company with two primary businesses:
- Fantex, Inc. – a securities issuer that files registration statements with the Securities and Exchange Commission.
- Fantex Brokerage Services, LLC – an online brokerage firm and Financial Industry Regulatory Authority (FINRA) member.
History
Fantex was founded in 2012 by David Beirne, former general partner of Benchmark Capital, Buck French, and Dave Mullin. The company’s board of directors include John Elway (member of the Pro Football Hall of Fame and GM of the Denver Broncos), Josh Levine (former CTO/COO of E-Trade), and Duncan Niederauer (former Chief Executive Officer of the New York Stock Exchange). Fantex’s board of advisors consists of business executives and former professional athletes, including Jack Nicklaus.
Fantex was launched in the fall of 2013, when the company filed its first IPO with the Securities and Exchange Commission. Fantex's first offering was announced to be running back Arian Foster of the Houston Texans, but it was postponed due to injury. Fantex proceeded with tight end Vernon Davis of the San Francisco 49ers as its first successful IPO. Fantex has signed contracts with eleven athletes and has completed six IPOs worth a total of $25.8 million.