Guild Esports, a UK-based esports team organisation with an academy-powered, fan-focused model, started trading on the standard segment of the Main Market on Friday.
Guild is the first esports team organisation to celebrate being admitted to the London Stock Exchange and is proud to be the first esports team organisation to list on a major Exchange globally.
A total of 250 million ordinary shares were placed at 8p each, valuing Guild at a market capitalisation of £41.2 million, and the company will have 514 million shares in issue overall. Proceeds from the share placing will be used to recruit new esports players, invest in the Guild brand and expand the Company’s activities.
Guild plans to create a leading global franchise by building esports teams that will compete in major esports tournaments and by establishing a player training and scouting infrastructure modelled on the talent academies pioneered by Premier League football teams over many years.
Leading audit, accountancy, tax and advisory firm PKF acted as reporting accountant on the transaction and the Capital Markets team included Dominic Roberts and Adam Humphreys.
“Guild Esports appreciates the support offered by the PKF Capital Markets team who were able to assist Guild with our successful IPO as our reporting accountant. Guild is at the start of an exciting journey and we are grateful for the role PKF played contributing to our landmark flotation.” James Savage, Finance Director | Guild Esports PLC
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