Guild Esports completes £41.2M listing on London Stock Exchange. London-based organisation Guild Esports has completed its floatation on the London Stock Exchange, with a market capitalisation of £41.2 million.
The listing comes after the company succeeded in raising £ 20 million at the end of September. Joint brokers Zeus Capital and Mirabaud Securities led the listing.
Guild Esports is the first esports organisation to join the London Stock Exchange. As per a release, the organisation is to use the funds raised “to invest in the Guild brand, recruit new players and scale into various esports disciplines.”
Jamie Peel, Director of Corporate Finance at Zeus Capital, commented on the flotation “The gaming industry has exploded in popularity, with esports quickly becoming a mainstream form of entertainment. This is only expected to accelerate in the coming years, and with a hugely experienced and high-quality management team, the firm has already generated significant investor appetite. We are pleased to be able to support the business as it takes its first steps onto the public markets.”
The organization, co-owned by David Beckham, began by joining the Rocket League in June, although it extended to FIFA by signing Niklas’ NRaseck ‘Raseck in August. The stock was trading at 7.94 pence at 10.41 AM BST on October 5th, a small decrease from its opening price of eight pence.
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