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Ice Cube's Big3 Basketball League to Go Public With $290 Million Valuation

Complex | Music, Sneakers, Pop Culture, News & Shows·Complex Staff·about 16 hours ago
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Ice Cube ’s Big3 basketball league has revealed a massive valuation as it plans to go public later this year. On Friday (June 12), the basketball league co-founded by Cube announced that it had reached a deal with the special purpose acquisition company, Graf Global Corp. With the deal in place, fans will be able to purchase stock in the league under the ticker TONT (three-on-three) in the fourth quarter of the year. With the announcement came the reveal that the company is eyeing a $290 million valuation, per Business Wire . "You can't participate in the upside of the team besides winning," Ice Cube said of the deal. "And we need the fans for the league to be successful, so it's a match made in heaven." The Big3’s valuation comes ahead of the league starting its ninth season in Los Angeles on June 20 with four games: Detroit Amps vs. DMV Trilogy, LA Riot vs. Miami 305, Houston Rig Hands vs. Chicago Triplets, and Dallas Power vs. Boston Ball Hogs.…

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