Monday, August 8, 2022

Mobile Global Esports Raises $6.9M In Small IPO

San Clemente-based mobile esports developer Mobile Global Esports has raised $6.9M in a small IPO, the company said last week. Acording to the company, it offered up 1,500,000 shares of its common shares at a public offering pice of $4.00 per share. The IPO was run by WestPark Capital. The company says it is focused on India and other South Asian markets; the company says it holds trademark and IP rights for collegiate esports tournaments and players in India.