Fanatics, the fast-growing, vertically integrated licensed sportswear company, has reportedly reached a marlket value to $6.2 billion while raising $350 million in a Series E funding round arranged by Goldman Sachs. The round, which was oversubscribed, is expected to be the last private funding for Fanatics before the company files for an initial public offering (IPO), although the timeline remains unclear. The Wall Street Journal first reported the news, adding that Fanatics posted revenues of around $2.5 billion last year, up from $2 billion the year before. The recent coronavirus outbreak helped to boost the company’s strong sales on its international internet platform by 30 percent. A previous $1 billion investment three years ago, which was led by Softbank, had given Fanatics a valuation of $4.5 billion. The new investment round was led by Fidelity Management & Research Co. and Thrive Capital, with participation also from Franklin Templeton and Neuberger Berman. Fanatics operates more than 300 online and offline stores and is the official online retailer for all major U.S. leagues (NFL, NBA, MLB, NHL, MLS, NASCAR, PGA) as well as media brands (NBC Sports, CBS Sports, Fox Sports) and more than 200 collegiate and professional team properties. Outside the U.S., it has partnerships with Real Madrid, Manchester United and Manchester City.