Brick & Browse Inc., a rising force in bulk goods distribution known for its unique franchise model and strong financials, has officially launched its IPO on The Exchange under the tickers $BB (preferred stock) and $BB.A (voting shares). This IPO is highly anticipated due to the long inactivity in The Exchange.
Financial Snapshot (March 2025)
Brick & Browse boasts a strong financial position:
Total Assets: $944,000
- Cash & Cash Equivalents: $608,000
- Property & Equipment: $336,000
- No Inventory or Receivables: A lean and efficient business model.
Minimal Liabilities: $1,000
- Accrued Expenses: $1,000
- No Long-Term Debt or Payables: A debt-free IPO launch.
Stockholders’ Equity: $943,000
- Preferred & Common Stock: $110,000
- Additional Paid-in Capital: $350,000
- Retained Earnings: $483,000
IPO Details
Brick & Browse offered 100,000 shares at an initial price of $9.43 per share, quickly bought out by investors.
Major Investors Increase Stakes
Key investors are demonstrating strong confidence:
- Pepecuu increased ownership from 50.75% to 65.75%, purchasing 15,000 shares at $13.00.
- SuperSuperking increased ownership of BB.A (voting stocks) from 49.9% to 69.9%, buying 2,000 shares at $150.
This aggressive investment signals significant confidence in the company’s future growth and potential.