Fantex, a brokerage that allows fans to buy and sell shares in future earnings of athletes it has bought a stake in, filed papers with the Securities and Exchange Commission on Monday with the intention to sell a portfolio of athletes under a single symbol on a national stock exchange for the first time.
The offering would initially be sold exclusively by investment bank UBS and, if approved, will be listed on NASDAQ under the symbol FXSP.
Investors will be betting on the future earnings of 10 athletes: Denver Broncos tight end Vernon Davis, Chicago Bears wide receiver Alshon Jeffery, Cincinnati Bengals wide receiver Mohamed Sanu, Pittsburgh Steelers linebacker Ryan Shazier, Tennessee Titans wide receiver Kendall Wright, Dallas Cowboys wide receiver Terrance Williams, Buffalo Bills backup quarterback EJ Manuel, St.