HOUSTON, TX—America’s largest church has filed for an initial public offering which will take place early next year, Lakewood executives as well as a spokesman for the Securities and Exchange Commission confirmed Thursday.
The church will trade on the Nasdaq under the ticker FAVR.
Boasting $80 million in annual revenue from its heavily-trafficked retail operation and lucrative television business—as well as huge profit margins rarely seen in a company of its size—the ministry’s focus on furthering its explosive growth immediately solicited excitement from institutional and individual investors alike.
A Lakewood spokesman has confirmed Lakewood CEO Joel Osteen’s intention to ring the Nasdaq’s opening bell on the day of the IPO.
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