StockNews.AI
VENU
StockNews.AI
13 days

Venu Holding Corporation to Ring Opening Bell at New York Stock Exchange, Celebrating Bold Fan-Founded and Fan-Owned Mission

1. VENU will participate in the NYSE Opening Bell ceremony on January 21, 2025. 2. Company raised $13.8 million from its November 2024 IPO at $10 per share. 3. VENU projects Fire Pit Suite sales to exceed $200 million in 2025. 4. The company is expanding with $1.3 billion in active construction projects. 5. VENU's unique luxury offerings redefine live entertainment experiences for fans.

8 mins saved
Full Article

FAQ

Why Bullish?

VENU's participation in NYSE signifies credibility and growth potential, similar to IPO boosts in other companies.

How important is it?

The article highlights significant growth potential and company milestones that could uplift VENU's market perception.

Why Long Term?

Expansion and sales projections suggest sustained growth, akin to successful entertainment brands previously seen.

Related Companies

AEGNFLNYSE
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Venu Holding Corporation ("VENU" or the “Company”) (NYSE American: VENU), a leading premium hospitality and live entertainment company built by music fans for music fans, is proud to announce its participation in the iconic New York Stock Exchange (NYSE) Opening Bell ceremony, set to take place on Tuesday, January 21, 2025. This milestone event celebrates the Company’s groundbreaking journey from being a fan-founded company to a trailblazing leader in luxury live entertainment, and now, proudly fan-owned and listed on the NYSE American. Tune in to the NYSE Opening Bell ringing live - watch it here: https://bit.ly/4gGK4he “From day one, I set out to build a company that put fans at the center—the people that fuel all that we do,” said J.W. Roth, Founder, Chairman, and CEO of VENU. “We’re proud to give the power back to the enthusiasts, the dreamers, and the music junkies like me. Being listed on the New York Stock Exchange is a privilege, and it’s just the beginning of VENU’s exciting growth trajectory.” Listing on the NYSE American marks a significant milestone in VENU’s mission to redefine how people experience live entertainment. The Company closed its November 2024 Initial Public Offering (IPO) consisting of 1,380,000 shares of its common stock, including 180,000 shares sold upon full exercise of the underwriter’s option to purchase additional shares, at a public offering price of $10.00 per share, raising approximately $13,800,000, before deducting underwriting discounts and offering expenses. This capital enables the Company to accelerate its expansion into new markets and further enhance its premium ownership offerings. Since its inception, VENU has set a new standard in entertainment and hospitality, becoming a visionary in delivering luxurious, fan-centered experiences that transform live entertainment and hospitality. Its house of brands spans iconic venues and dining destinations, from Bourbon Brothers Smokehouse and Tavern, and Notes Eatery, to Roth’s Seafood and Chophouse—each offering handcrafted cocktails and scratch-made menus with a unique flair. VENU has reimagined the fan experience across all scales, from the intimate ambiance of The Hall at Bourbon Brothers to expansive open-air settings like the Ford Amphitheater and Sunset Amphitheaters, seating up to 20,000 fans. Defying industry norms, VENU offers groundbreaking amenities like premium luxury fire pit suites, custom-built owners clubs, and exclusive food and beverage selections—creating an entertainment experience unlike any other. Building on a Strong Foundation VENU has strategically positioned itself as a leader in live entertainment, forging key relationships with industry players and laying the groundwork for its current and future venues. These efforts have propelled the Company to exceptional performance. In December 2024 alone, VENU closed over $11 million in Fire Pit Suite sales, bringing the year’s total to a remarkable $77.7 million. Looking ahead, the Company projects Fire Pit Suite sales to exceed $200 million in 2025, driven by surging demand and its innovative approach to ownership opportunities in the entertainment sector. Expansion Plans on the Horizon With existing operations in Colorado Springs, CO, and Gainesville, GA, VENU is set to expand its footprint with an estimated $1.3 billion in active construction and development projects across Oklahoma and Texas. The Company is actively developing venues in Broken Arrow, OK (Tulsa market), Oklahoma City, OK, El Paso, TX, and McKinney, TX, with five additional markets in pre-construction. As VENU continues its bold expansion, it remains dedicated to delivering transformative experiences for fans and investors alike. About Venu Holding Corporation Venu Holding Corporation ("VENU") (NYSE American: VENU), founded by Colorado Springs entrepreneur J.W. Roth, is a premier hospitality and live music venue developer dedicated to crafting luxury, experience-driven entertainment destinations. VENU’s campuses in Colorado Springs, Colorado, and Gainesville, Georgia, each feature Bourbon Brothers Smokehouse and Tavern, The Hall at Bourbon Brothers, and unique to Colorado Springs, Notes Eatery and the 8,000-seat Ford Amphitheater. Expanding with new Sunset Amphitheaters in Oklahoma and Texas, VENU’s upcoming large-scale venues will host between 12,500 and 20,000 guests, continuing VENU’s vision of redefining the live entertainment experience. VENU has been recognized nationally by The Wall Street Journal, The New York Times, Denver Post, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents and NFL Hall of Famer and Founder of EIGHT Elite Light Lager, Troy Aikman, VENU continues to shape the future of the entertainment landscape. For more information, visit venu.live Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

Related News