Fanatics goes to China; Coursera going public & more

Tom Paine

Jacksonville-based sports licensing giant Fanatics, majority owned by Michael Rubin’s Conshy-based Kynetic LLC, is going to China, so to speak. Fanatics China will be a 50/50 joint venture with Asian PE firm Hillhouse Capital, and Fanatics sources indicate it should be a billion dollar opportunity.

Fanatics is reported to be edging closer to an IPO by some, though I haven’t found comments attributed to a specific source. It has over $3 billion in sales, and its most recent valuation was $6.2 billion.

Also, Fanatics last week announced the appointment of basketball great and sports business executive Earvin “Magic” Johnson to its Board of Directors.

Coursera, which enables people to attend university -level course online, has filed to go public. It would list on the NYSE under the symbol “COUR”.

Penn was among the first institutions to offer content on Coursera, and. was also an early equity investor.

Coursera had total revenue of $293 million in 2020, a gain of 59%, while losing $66 million. It attributed some of the revenue gain to the pandemic, so it will be interesting to see how they hold up this year.

Apple plans to release new iPad and MacBook models with OLED displays in 2022, according to MacRumors citing reports by Digitimes. Some iPhones are already using OLED, but those have much smaller screens.

Ewing, NJ-based Universal Display (NASAQ: OLED) shares are up 5%. today. UDC is the primary producer of the raw materials that go into OLED displays. UDC’s market value is $9.4 biilion.

PPG (which manufactures for UDC) and UDC last week announced plans for a new OLED plant in Ireland. Whether this is directly related to Apple’s plans is not known at present, and there are other factors contributing to UDC’s growth.

Osage University Partners, a separate sister fund to Osage Venture Partners that specializes in investing in university research., is an investor in quantum -computing startup IonQ  which plans to merge with a SPAC for the purposes of a public listing. It will become the first publicly traded quantum computing company.

Look at Osage University Partners’ portfolio: some fascinating investments.