Drake Launching Virginia Black Whiskey Public IPO But You Can Buy Shares Now
Drake is giving his fans a chance to own shares in his Virginia Black Whiskey.
The 6 God is opening the doors for everyday fans to own a piece of his growing liquor brand Virginia Black. The rapper and his business partners are launching a public offering starting at the end of the first quarter this year. As of the time of this publication, you can still get shares in the company by opening up a BANQ account where you can purchase shares as the company look to raise $30 million. Share price is currently set at $5 per share.
Drake is the face and majority shareholder of the company he started through a collaboration with Brent Hocking. The More Life rapper also starred in a Virginia Black Whiskey ad along with his father Dennis Graham and model Nicole Murphy. The move to offer a public IPO is to help the company expand internationally and domestically.
“Virginia Black is the perfect combination of exceptionally good juice in exquisite packaging at an accessible price,” Hocking said in a statement. “From inception, we wanted everyone to enjoy Virginia Black, and are pleased to extend the opportunity to millions of Americans and other investors around the world to become part of the Virginia Black family.”
The news comes on the heels of Drake expanding his business ventures by opening a restaurant, Pick 6ix, in Toronto, Canada, through a partnership with his longtime friend Chubbs. “So proud of you and proud to be in business with you!!! My brother @chubbsview congratulations on our new stunning venture @pick6ixto I hope the entire city gets a chance to enjoy this beautiful establishment,” Drizzy wrote.
Drizzy and Chubbs hosted a pre-opening party at the restaurant last weekend and a number of fans came out to support the venture. A grand opening party is being planned for a later date.
So proud of you and proud to be in business with you!!! My brother @chubbsview congratulations on our new stunning venture @pick6ixto ??????????? I hope the entire city gets a chance to enjoy this beautiful establishment