Motorsport Games Inc.

Motorsport Games Inc. (MSGM) priced its initial public offering on Jan 13, 2021 at $20.00 per share, within its $19.00–$20.00 range, raising $60M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $200M. Canaccord Genuity was lead-left underwriter, joined by Benchmark. Snell & Wilmer advised the company and Faegre Drinker advised the underwriters.

Motorsport Games Inc. develops and publishes racing games and provides esports ecosystems for official motorsport series, including NASCAR, the 24 Hours of Le Mans, the FIA World Endurance Championship and the British Touring Car Championship. It is supported by its sole member, Motorsport Network, LLC.

Status

IPO

Ticker

MSGM

Exchange

Nasdaq Capital Market

Priced

Jan 13, 2021

IPO price

$20.00

Price range

$19.00–$20.00

Raised

$60M

Market cap at IPO price

$200M

First filed

Dec 18, 2020

Underwriters

Canaccord Genuity and Benchmark

Company counsel

Snell & Wilmer

Underwriters' counsel

Faegre Drinker

Sector

Technology

Country / state

FL

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.