By Josh Beckerman
Shares of LiveOne’s Courtside Group unit, known as PodcastOne, were recently at $4.50 in their Nasdaq debut after a direct listing. The intraday range was $3.89 to $5.80.
Music, entertainment and technology company LiveOne said Thursday that the shares were expected to open trading at a minimum of $8. LiveOne shares were down 9%, to $1.49.
On Friday, LiveOne increased PodcastOne pro-forma-revenue guidance to $47 million to $51 million. It said the pro-forma guidance assumes the Kast Media and Fantasy Guru transactions would have taken place at the start of the fiscal year.
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