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 organisation managed to raise £20M towards the end of September. The listing was led by joint brokers Zeus Capital and Mirabaud Securities.
Guild Esports becomes 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.”
Read More…- https://esportsinsider.com/2020/10/guild-esports-ipo/
