Companies

Start-up signs second athlete for IPO

Californian start-up Fantex is offering investors a unique form of public equity - shares that track the performance of star athletes. This week the company announced a deal with its second athlete, Vernon Davis, a tight end for the San Francisco 49ers. The FT's US markets reporter Arash Massoudi speaks with Lex writer Sujeet Indap about this unique development in capital markets.