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.”)
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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: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |