Esports Technologies Files And Sets Terms For $10 Million IPO

Recently, Esports Technologies, which is an online gambling platform, filed with the SEC to raise $10 million in an initial public offering. The Nevada-based company plans to raise the money by offering two million shares of stock at a price range of $4.50 to $5.00.

“During 2021 and in connection with the introduction of our updated website, we intend to target additional markets in which we are presently licensed to accept wagers, including Japan, Thailand, Mexico, and South America,” said Esports Technologies.

Esports Technologies was founded in 2016 and plans to list on the Nasdaq under the symbol “EBET”. Esports Technologies filed confidentially on December 10, 2020. Boustead Securities is the sole bookrunner on the deal.

(All information was provided by and NASDAQ)

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