Motorsport Games, a leading developer of racing games being spun out of Motorsport Network, raised $60 million by offering 3 million shares at $20, the high end of the upwardly revised range of $19 to $20. The company originally planned to offer 2.4 million shares at $16 to $18 before upsizing the offering on Monday. At pricing, the company commands a market value of $340 million.
Motorsport Games plans to list on the Nasdaq under the symbol MSGM. Canaccord Genuity and The Benchmark Company acted as lead managers on the deal.
