Venu Holding Corp. (Notes Live, Inc.) (VENU) to Raise $10 Million in IPO

Venu Holding Corp. (Notes Live, Inc.) (VENU) is planning to raise $10 million in an IPO on Wednesday, November 27th, IPO Scoop reports. The company will be issuing 1,000,000 shares at a price of $10.00 per share.

In the last year, Venu Holding Corp. (Notes Live, Inc.) generated $14.4 million in revenue and had a net loss of $24.3 million. The company has a market-cap of $371.6 million.

ThinkEquity acted as the underwriter for the IPO.

Venu Holding Corp. (Notes Live, Inc.) provided the following description of their company for its IPO: “Notes Live is an entertainment and hospitality holding company based in Colorado Springs, Colorado, doing business as VENU Holding Corp. (Incorporated in Colorado) Through several subsidiary entities, Notes Live designs, develops, owns and operates (whether directly or through third-party operators) upscale music venues, outdoor amphitheaters, and full-service restaurants and bars where music, dining, and luxury experiences converge. Notes Live was founded in 2017. Since its inception, Notes Live has strived to set a new standard in the hospitality and entertainment industry through its entertainment-campus venue concept and to meet the growing demand for live entertainment by developing new venues in strategically selected, rapid growth, entertainment-underserved markets. Notes Live takes pride in being a catalyst for memorable experiences, a champion of local entertainment, and a contributor to vibrant communities. To date, Notes Live has developed, or is in the process of developing, three restaurant concepts and one bar concept, as well as live music indoor venues that accommodate approximately 1,400 guests and outdoor amphitheaters that accommodate 8,000 or more guests. Currently, Notes Live operates two indoor venues and three restaurants in Colorado and Georgia. The company is opening its first outdoor amphitheater and associated new restaurant concept in Colorado in August 2024. Notes Live is aiming to develop additional venues in Oklahoma, Texas and potentially other locations through 2026. Notes Live forecasts meaningful economic and cultural impact in communities targeted for expansion across the United States. Notes Live owns and operates, or will operate, a variety of restaurant, live entertainment, and music venue concepts, including its indoor music venue concept, Bourbon Brothers Presents (“BBP”), its outdoor music amphitheater concept, The Sunset Amphitheater, and various restaurants and bars. including Bourbon Brothers Smokehouse & Tavern (“BBST”), Notes Eatery (“Notes”), Roth’s Seafood & Chophouse (“Roth’s”), and Notes Hospitality Collection (“NHC”).  Note: Net loss and revenue figures are for the 12 months that ended March 31, 2024. (Note: VENU Holding Corp., formerly known as Notes Live, filed its S-1/A on Sept. 19, 2024, and disclosed the terms for its IPO: The company is offering 1 million shares at $10.00 each to raise $10.0 million. Background: Notes Live, which does business as VENU Holding Corp., filed its S-1 on Aug. 6, 2024, for its IPO, without disclosing terms.)    “.

Venu Holding Corp. (Notes Live, Inc.) was founded in 2017 and has 201 employees. The company is located at 1755 Telstar Drive, Suite 501, Colorado Springs, CO 80920 and can be reached via phone at (719) 895-5483 or on the web at https://noteslive.vip/.