Esports Technologies experienced a huge boost in stock price after the company’s revealed the pricing of its April 14th initial public offering. The stock soared up to $21 per share and closed the day at $36 per share, signifying a gain of 500%.
Esports Technologies offered 2.4 million shares of stock in the company valued at the price of $6 per share. The company expected a total of $14,400,000 in gross proceeds to come in.
Following this news, Esports Technologies also announced the launch of its consumer platform, Gogawi, in Japan. Gogawi.com, which is an immersive betting destination, is now available in more than 140 different jurisdictions.
Esports Technologies is traded on the stock market under the abbreviation “EBET”. As of Tuesday, April 20th, one share of stock in EBET is currently valued at $21.00.
(All information was provided by The Motley Fool, Yahoo, and Yahoo Finance)
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