London Stock Exchange welcomes Guild Esports PLC to the Main Market
London Stock Exchange today welcomes Guild Esports (LSE:GILD), a UK-based esports team organisation with an academy-powered, fan-focused model, to trading on the standard segment of the Main Market.
Guild launched in June this year and the Company 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.
Listing as a public company provides an opportunity for Guild’s esports fans to participate in the Company. Moreover, Guild will offer both fans and the investor community a unique chance to invest in the fast growing esports sector.
Guild’s significantly oversubscribed offering of 250 million shares at a price of 8 pence per ordinary share raised 20 million pounds.
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.
Carleton Curtis, Executive Chairman of Guild, said:
“We are delighted to be celebrating Guild’s London Stock Exchange listing today and to be the first esports team organisation to do so. This milestone in our company’s journey will give us the ability to scale and we look forward to the next phase in Guild’s journey.
We are dedicated to esports and realizing the many opportunities that lie in this rapidly expanding sector. Our experienced management team of esports industry veterans and sports-media professionals understand how to build successful teams and achieve success across Guild’s core pillars: competition, and entertainment, and merchandise.
Since our launch we have already recruited some of the top players in their respective esport, and through the process of listing our shares we hope to bring Guild to the forefront of esports as one of its leading global franchises.”