Guild Esports, the esports company owned by footballer David Beckham is planning to list the company in the London Stock Exchange with an IPO. When it eventually does it, Guild will become to the first esports company to go public in Britain.
The company, reportedly valued at 50 million pounds,, is planning to raise 20 million pounds ($26 million) by selling 40% of its shares through IPO.
Beckham’s stakes in the company remains undisclosed, but he is expected to remain a shareholder of the company after listing. The proceeds from the IPO will be used to hire 16 new players and to build the brand further.
The IPO will be watched, as online gaming has skyrocketed during global coronavirus lockdowns.
By Niji Narayan
Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.