Playboy Is Peering Toward a Re-visitation of the Stock Market, Sources State

Months in the wake of killing its notable nudie magazine, Playboy Enterprises is peering toward a re-visitation of the securities exchange, The Post has learned.

The organization established by Hugh Hefner 66 years prior has been conversing with purported unlimited free pass organizations about a venture to finance its drive into sexual health items, spirits and cannabis, sources revealed to The Post.

The discussions, which Reuters initially wrote about Friday, could prepare for Playboy re-visitation of offer stock to the public again — nine years after it went private in a $207 million arrangement drove by Hefner and private value firm Rizvi Traverse Management. Limitless ticket to ride organizations, otherwise called unique securing vehicles or SPACs, open up to the world to fund-raise to purchase organizations that at that point assume control over that ticker image, sabotaging the customary IPO measure.

Among the SPACs Playboy’s financiers have connected with is Mountain Crest, which has raised about $50 million and is driven by Dr. Suying Liu, head of corporate planner at Hudson Capital, a monetary administrations firm situated in Beijing.

Obviously, any SPAC that puts resources into Playboy would purchase an altogether different model than the one run by Hefner, who kicked the bucket in 2017 at 91 years old. His renowned Playboy Mansion in Los Angeles has since been part into packages of land. Furthermore, his most youthful child, Cooper Hefner, left the business a year ago.

Leave a Reply

Your email address will not be published.