FuboTV Inc. has filed to raise $150 million from the sale of 15 million shares of its common stock in an initial public offering.

The public offering price is currently expected to be between $9 and $11 per share. fuboTV intends to list its common stock on the New York Stock Exchange (NYSE) the day after pricing under the ticker symbol FUBO, the company said.

The entertainment and sports streaming service's could be something of a safe haven during the coronavirus crisis, as more people stay at home and watch TV instead of going out.

“From a public market standpoint, people should have access to ‘stay at home stocks’ besides Netflix and Roku,” David Gandler, the chief executive officer of FuboTV, told Bloomberg earlier this year.

In September, the company said third-quarter revenue is expected to be $50 million to $54 million, a 27% to 38% increase year-over-year, and subscribers are anticipated to reach 370,000-380,000, an increase of over 28% year-over-year and up from 20% growth previously forecast.

Earlier this year, fuboTV merged with FaceBank Inc., which creates digital likenesses of celebrities and sports stars, remaining under the name FuboTV.

“The merger creates a leading digital entertainment company, combining fuboTV’s direct-to-consumer live TV streaming platform for cord-cutters with FaceBank’s technology-driven IP in sports, movies and live performances,” FuboTV said in a statement at the time.

While FuboTV is known for allowing users to watch live sports, it also carries news and general entertainment channels, which is helping it weather the current suspension of professional sports, Bloomberg said.

FuboTV users are streaming an average of six hours a day on the service, up 45% from a year ago. About 30% of that time is spent watching live news, including both cable channels and local broadcasts.

FuboTV’s investors include 21st Century Fox Inc. and AMC Networks Inc., which joined in a $75 million funding round in 2018. Jupiter, Florida-based FaceBank, which was founded in 2009, has a market valuation of about $200 million, Bloomberg said.

FuboTV’s basic package of 109 channels starting at $54.99 a month aims to replace traditional cable TV by delivering channels including Fox and NBC over the internet.

The deal with FaceBank will give it access to the company’s catalog of digital characters, which are designed to replicate human actions in both fantasy and real-world scenarios. Its projects include a joint venture with boxer Floyd Mayweather to pit current and former fighters -- living or dead -- against each other in matchups using its technology.

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