Brooklyn stripclub IPO insanely oversubscribed following Harden trade

Investors around the world are throwing themselves at a small Brooklyn-based IPO following news of a monster trade that rocked the world and has sent 8-time NBA All Star, James Harden to the Brooklyn Nets. 

With the arrival of Harden to the area, Brooklyn FishNets has been inundated with interest in their Initial Public Offering. Seeking to raise just $2 million, they have now received bids of more than $200m from investors itching for a slice of the Brooklyn stripclub which claims to have no affiliation with the Brooklyn Nets basketball team. 

“I’ve been going to strip clubs for the best part of 20 years but the biggest problem many of their owners face is that the people who attend them tend not to be big spenders,” said stripclub enthusiast Hugh Honey. 

“That all changed in 2013 when James Harden moved to Houston and suddenly 100 new strip clubs opened in the city and 9 out of 10 new Houstonians were women under 30.” 

“Investing is all about following the money trail which is why I’m super excited to get in on the Brooklyn FishNets.” 

In 2013, James Harden signed a 4-year contract with the Houston Rockets worth $171 million. This was extended a further 4 years in 2016 where Harden then took his partying to a new level in 2020 when dropping $1 million at a venue in a single night. 

Amid the arrival of Harden to the Brooklyn Nets, interest in downtown commercial leases has spiked with the long-term lease terms secured by Brooklyn FishNets particularly attractive to savvy investors.

In 2019, a Reddit user found a correlation between James Harden’s lack of performance on the road and the quality of strips clubs in that city. His full analysis is available here.