Motorsport Games (MSGM) IPO Opens 75% Higher

January 13, 2021 11:06 AM EST

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Today's IPO for Motorsport Games Inc. (NASDAQ: MSGM) opened for trading at $35 after pricing 3,000,000 shares of its Class A common stock at a public offering price of $20.

Canaccord Genuity LLC and The Benchmark Company, LLC are acting as joint book-running managers for the offering.

Motorsport Games, a Motorsport Network company, combines innovative and engaging video games with exciting esports competitions and content for racing fans and gamers around the globe. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series including NASCAR and the British Touring Car Championship (“BTCC”). Motorsport Games is an award-winning esports partner of choice for NASCAR, 24 Hours of Le Mans, Formula E, BTCC and the FIA World Rallycross Championship, among others.

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