FaZe Clan Lists Its Stocks On the NASDAQ
FaZe Clan esports club has announced that it has become a public company. This came after the SEC cleared the organization's merger with B. Riley Principal 150 Merger Corp. This collaboration allowed FaZe to list its stocks on the exchange.
Representatives of the organization noted that they placed their shares on the US stock exchange NASDAQ, where most technology companies are traded, including Activision Blizzard and Take-Two.
In 2019, the Danish esports organization Astralis became a public company. However, until 2021, when the club entered the US stock market, its shares were traded only within Denmark. Since the launch of the IPO, the value of Astralis' stocks has fallen by almost three times.