Motorsport Games

General Information
Business:

Motorsport Games is a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series (video games and mobile or smartphone games) throughout the world, including NASCAR, the iconic 24 Hours of Le Mans endurance race (“Le Mans”) and the associated FIA World Endurance Championship (the “WEC”), the British Touring Car Championship (the “BTCC”) and others. Through the support of our sole member, Motorsport Network, the largest global media company in the motorsport industry, Motorsport Games’ corporate mission is to create the pre-eminent motorsport gaming and esports entertainment ecosystem by delivering the highest quality, most sophisticated and innovative experiences for racers, gamers and fans of all ages. Our products and services target a large and underserved global motorsport audience. 

(Note: Motorsport Games priced its upsized IPO at $$20 – the top of its new $19-to-$20 range – and 3 million shares were priced, in line with the IPO’s increased size. The IPO raised $60 million. The increased terms were disclosed in an S-1/A filing dated Jan. 11, 2021. The deal was increased by 46.4 percent to 3 million shares, up from 2.35 million shares, at a higher price range of $19 to $20 – up from $16 to $18 initially. ** In an S-1/A filing dated Jan. 12, 2021, Motorsport Games disclosed that it has been sued by a minority shareholder; see page 40 of the amended prospectus under “Risk Factors.”)

Industry: PREPACKAGED SOFTWARE
Employees: 59
Founded: 2015
Contact Information
Address 5972 NE 4th Avenue, Miami, FL 33137, US
Phone Number (305) 507-8799
Web Address http://www.motorsportgames.com
View Prospectus: Motorsport Games
Financial Information
Market Cap $340mil
Revenues $18.4 mil (last 12 months)
Net Income $0.3 mil (last 12 months)
IPO Profile
Symbol MSGM
Exchange NASDAQ
Shares (millions): 3.0
Price range $20.00 - $20.00
Est. $ Volume $60.0 mil
Manager / Joint Managers Canaccord Genuity/ The Benchmark Company
CO-Managers -
Expected To Trade: 1/13/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change