Guild Esports, the esports company owned by footballer David Beckham is planning to list the company in the London Stock Exchange with an IPO. When it eventually does it, Guild will become to the first esports company to go public in Britain.
The company, reportedly valued at 50 million pounds,, is planning to raise 20 million pounds ($26 million) by selling 40% of its shares through IPO.
Beckham’s stakes in the company remains undisclosed, but he is expected to remain a shareholder of the company after listing. The proceeds from the IPO will be used to hire 16 new players and to build the brand further.
The IPO will be watched, as online gaming has skyrocketed during global coronavirus lockdowns.