Fantex, a brokerage that allows fans to buy and sell shares in future earnings of athletes it has bought a stake in, is now seeking approval from the Securities and Exchange Commission for the opportunity to sell a portfolio of athletes under a single symbol on a national stock exchange for the first time.
Vernon Davis, Alshon Jeffery, Mohamed Sanu, Jack Mewhort, Ryan Shazier, Kendall Wright, Andrew Heaney, Terrence Williams, Michael Brockers and EJ Manuel are the 10 athletes linked to the stock, all with different weightings. Initially, UBS, an investment bank, will be exclusively selling the stocks, and if approved, will be listed under the NASDAQ as ‘FXSP’.