Kutcher-backed Chicken Soup for the Soul launches IPO

Chicken Soup for the Soul Entertainment, a prodco that is backed by Ashton Kutcher’s company A Plus, has launched a public offering to raise US$30 million.

The US-based prodco and distributer is a provider of ‘positive video content’.

Chicken Soup has an exclusive distribution agreement with A Plus, a digital media company that is owned partly by Kutcher (23%) and partly by Chicken Soup for the Soul Digital (75%).

Chicken Soup says it can accelerate the growth of its video content offerings and develop and distribute short form videos and articles to a wide audience with this agreement.

The company has applied to list its shares on Nasdaq under the symbol CSSE. Its shares are now available online.

William J. Rouhana Jr. chairman and CEO of Chicken Soul, said: “Our customers and fans are passionate about our brand. Going public affords our loyal fans and others the opportunity to participate in the growth of our video content business.”