Mobile Global Esports ( MGAM ) IPO opens 13% higher.

Mobile Global Esports ( MGAM ) IPO opens 13% higher.


July 29, 2022 10:24 a.m. EDT

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Today Mobile Global eSports (NASDAQ: MGAM ) opened the market with a public offering of 1,500,000 common shares priced at $4.00 per share.

Westpark Capital, Inc. was the sole book-runner and underwriter.

Mobile Global eSports is organized in March 2021 to continue and expand the esports business launched by the Indian sports industry in 2021. In a series of contracts, business rights have been awarded to MOGO by SII and its affiliates since October. 2021. MOGO is now expanding the business created by SII, which is focused on the fast-growing esports industry, with a special focus on India and other South Asian markets. Indian market to export and especially university transfer events in India.

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