? Public Offering
Toronto-based entertainment platform and esports event company Enthusiast Gaming Holdings (TSX: EGLX, OTCQB: ENGMF, FSE: 2AV) is preparing for listing on the NASDAQ stock exchange
The company went public in 2018 on TSX Venture Exchange, and moved its listing to the Toronto Stock Exchange, in January 2020
? Strategic Rationale
Listing its share on NASDAQ will allow Enthusiast Gaming to attract new investors, especially institutional and retail ones
It will also let the company establish its brand in the U.S., entailing new possible partnerships, sales, and M&A opportunities
Enthusiast Gaming believes it will raise its profile and increase shareholder value
? Products
Enthusiast Gaming’s assets include approximately 100 websites such as Destructoid, Nintendo Enthusiast, and The Escapist, as well as more than 1,000 YouTube channels
The company collaborates with more than 500 esports influencers and has an overall number of 90 million MAU, with 3.2 billion web page views per month
The company owns a gaming convention Enthusiast Gaming Live Expo, with more than 30,000 attendees and 200 exhibitors
The expo is a mixture of esports tournaments, music, fashion, and lifestyle events, sponsored by Spidertech, G Fuel, and TikTok
The company also owns Pocket Gamer Connects, Europe’s largest mobile gaming event, held once a year, with more than 30 indie developers participating
Enthusiast Gaming has 7 professional esports teams, including Luminosity Gaming, Vancouver Titans, and Seattle Surge
? Enthusiast Gaming’s Previous Deals
In September 2020, Enthusiast Gaming acquired Omnia Media and Blue Ant Media for a total of about $34.1m
In September 2019, Enthusiast Gaming merged with Aquilini GameCo, the owner of Luminosity Gaming
SOURCES: ENTHUSIASTGAMING, VENTUREBEAT, ESPORTSINSIDER
