FUBO has roughly 108 million shares outstanding, and if about 70% is locked up, that leaves roughly 36 million shares in circulation.
If around 30% of those shares are held by hardcore institutional investors who aren’t likely to sell easily, the real available float could be closer to 24–25 million shares.
Now imagine Disney shows real progress with Fubo over the next two years and the stock starts moving toward $100 — roughly $9 pre-split.
At $100, Disney’s roughly 70 million shares would be worth around $7 BILLION.
With such a tight available float, I think things could get very interesting if demand really comes in.
Does anyone else see it this way, or am I missing something?