Esports team which is backed by David Beckham are planning to sell their shares on the open market in London to attract new players.
A float on the London Stock Exchange for this autumn has been pencilled for this autumn by Guild Esports who focus on computer games such as Counter Strike and Fortnite.
On Wednesday Guild said the initial public offering (IPO) will be the first for an esport franchise.
Executive chairman Carleton Curtis said, “The growing global popularity of esports has enabled several existing franchises to monetise their activities through sponsorship, retail, merchandising, apparel and product licensing, new media and mobile, broadcasting, and tournaments.
“Guild will be the first esports franchise to join the London stock market, which will provide us with the cachet, credibility and capital to fulfil our ambition to become one of the world’s top 10 esports franchises within three years.”
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