Mobile Global Esports (MGAM) IPO Opens 13% Higher

Today's IPO for Mobile Global Esports (NASDAQ: MGAM) opened for trading at $4.50 after pricing 1,500,000 common shares at a public offering price of $4.00 per share.

WestPark Capital, Inc. was the sole Book-Runner and Underwriter for the offering.

Mobile Global Esports was organized in March of 2021 to carry on and expand an esports business started by Sports Industry of India , in 2016. Through a series of contracts, the rights to the Business were assigned to MOGO by SII and its affiliates beginning in October of 2021. MOGO is now building out and expanding the business created by SII, which is focused on the rapidly growing esports industry, with special emphasis on India and other South Asian markets. The Indian market for esports, and particularly university esports events in India.

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