On Wednesday, April 14th, Esports Technologies Inc. revealed the pricing of its initial public offering. Esports Technologies will be offering 2.4 million shares of stock in the company valued at the price of $6 per share. The company expects a total of $14,400,000 in gross proceeds.
The common stock began trading on the Nasdaq Capital Market on April 15th. The offering is expected to close on April 19, 2021, subject to customary conditions.
“The future of esports products and wagering is projected to grow this year and in the years ahead, and Esports Technologies is uniquely positioned in this marketplace,” Christopher Downs, an Esports Technologies Board of Directors member, said back in March. “I look forward to supporting Esports Technologies’ goals for growth and market penetration in the coming months and years.”
Esports Technologies is traded on the stock market under the abbreviation “EBET”. As of closing time on Friday, April 16th, one share of stock in EBET is currently valued at $25.35.
(All information was provided by PR Newswire, Yahoo! Finance, and Esports Technologies)
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