? Public Offering
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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
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The company went public in 2018 on TSX Venture Exchange, and moved its listing to the Toronto Stock Exchange, in January 2020
? Strategic Rationale
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Listing its share on NASDAQ will allow Enthusiast Gaming to attract new investors, especially institutional and retail ones
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It will also let the company establish its brand in the U.S., entailing new possible partnerships, sales, and M&A opportunities
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Enthusiast Gaming believes it will raise its profile and increase shareholder value
? Products
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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
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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
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The company owns a gaming convention Enthusiast Gaming Live Expo, with more than 30,000 attendees and 200 exhibitors
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The expo is a mixture of esports tournaments, music, fashion, and lifestyle events, sponsored by Spidertech, G Fuel, and TikTok
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The company also owns Pocket Gamer Connects, Europe’s largest mobile gaming event, held once a year, with more than 30 indie developers participating
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Enthusiast Gaming has 7 professional esports teams, including Luminosity Gaming, Vancouver Titans, and Seattle Surge
? Enthusiast Gaming’s Previous Deals
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In September 2020, Enthusiast Gaming acquired Omnia Media and Blue Ant Media for a total of about $34.1m
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In September 2019, Enthusiast Gaming merged with Aquilini GameCo, the owner of Luminosity Gaming
SOURCES: ENTHUSIASTGAMING, VENTUREBEAT, ESPORTSINSIDER
