New London-based organisation Guild Esports has been valued at a market capitalisation of £41.2m.
Guild announced plans to float on the London Stock Exchange last month – and it had its first day of dealings on the stock market yesterday (October 2nd 2020) under the ticker symbol GILD.
A total of 250m ordinary shares were placed at 8p each, valuing Guild at a market capitalisation of £41.2m, and the company will have 514m shares in issue overall.
The news comes as shareholder and public face of the brand, David Beckham, spoke on Guild’s Twitter page:
Beckham said: “I’m really proud to join Guild Esports. It’s a sector that I’ve been monitoring for a while now.
“The thing that excites me about being part of Guild is the academy system. If you have the right pipeline for talent, that brings that tribal loyalty that you have within a team.
“I always go into a business thinking ‘we’re going to be number one’. We want to be the number one esports team in the business.”
Carleton Curtis, executive chairman, added: “Guild’s debut on the London stock market is a major step in the company’s development and provides a strong foundation to execute our long-term growth strategy.
“We are delighted with the strong support from a wide range of institutional and other investors, to build a global fan base and leading esports teams under the Guild brand.”
Dom is an award-winning writer who graduated from Bournemouth University with a 2:1 degree in Multi-Media Journalism in 2007.
A keen League of Legends and World of Warcraft player, he has written for a range of publications including GamesTM, Nintendo Official Magazine, industry publication MCV as well as Riot Games and others. He works as full-time content director for the British Esports Association and runs ENUK in his spare time.