Lakewood Church IPO Set For Early Next Year

HOUSTON, TX—America’s largest church has filed for an initial public offering which will take place early next year, Lakewood executives as well as a spokesman for the Securities and Exchange Commission confirmed Thursday.

The church will trade on the Nasdaq under the ticker FAVR.

Boasting $80 million in annual revenue from its heavily-trafficked retail operation and lucrative television business—as well as huge profit margins rarely seen in a company of its size—the ministry’s focus on furthering its explosive growth immediately solicited excitement from institutional and individual investors alike.

A Lakewood spokesman has confirmed Lakewood CEO Joel Osteen’s intention to ring the Nasdaq’s opening bell on the day of the IPO.

There is 1 comment on this article.

You must become a premium subscriber or login to view or post comments on this article.

Get the Bee delivered straight to your inbox: