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Mobile Global Esports Priced, Nasdaq: MGAM

Developing an esports platform for university competitions in India and South Asia.

Industry: Communication Services

Latest Trade: $0.01 0.00 (0.0%)

First Day Return: +179.8%

Return from IPO: -99.7%

Industry: Communication Services

Mobile Global Esports Inc. is a newly-formed developmental stage company that is launching an esports (electronic sports) platform initially focused on esports competitions played on mobile devices by university teams and players representing universities located in India and elsewhere in South Asia. Founded in March 2021, we do not currently have significant revenues or operations. With the esports industry experiencing rapid growth, our strategy is to license and build out a strong technology platform to enhance users’ experience and create and then expand mobile esports offerings to a wide audience in the South Asian diaspora. We also intend to introduce an updated version of our web site, www.mogoesports.com, that we believe will offer an enhanced user experience, including expanded interactive offerings. We intend to avoid the business of online gambling. Our long-term strategy is to differentiate ourselves in the mobile esports industry by developing our own intellectual property in the form of new esports predictive gaming models, predictive consolidated data feed, and new platform and software services based on recent advances in the development of artificial intelligence.
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IPO Data
IPO File Date 12/23/2021
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 1.5
Deal Size ($mm) $6
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/29/2022
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 1.5
Deal Size ($mm) $6
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
WestPark Capital
Company Data
Headquarters San Clemente, CA, United States
Founded 2021
Employees at IPO 18
Website www.mogoesports.com

Mobile Global Esports (MGAM) Performance