GF Securities (Hong Kong) Helps NIP Group Inc. Successfully List on NASDAQ

2024-07-29 14:07 GF Securities (Hong Kong)

On July 26, 2024, NIP Group Inc. (stock code: NIPG on NASDAQ) (hereinafter referred to as "the Company") officially completed its initial public offering (IPO) and began trading on NASDAQ in the United States. GF Securities (Hong Kong) acted as the joint bookrunner for this issuance. In this IPO, the Company made a base offering of 2,250,000 American Depositary Shares (ADS), with each ADS representing 2 Class A ordinary shares of the Company. The offering price was set at US$9 per ADS. Based on this offering price, the Company raised approximately US$20.25 million through this IPO.

The Company is a leading esports club with operations in Asia, Europe, and South America, and is one of the most globally influential esports companies. As of January 31, 2023, the Company is one of the top 10 esports clubs in the world in terms of prize pool earnings, and has achieved outstanding results in top global esports tournaments such as Counter-Strike: Global Offensive (CS:GO), Honor of Kings, Rainbow Six, and FIFA, far surpassing its competitors. The Company was founded out of a passion for esports and a belief that esports can create a historic and legendary experience on par with traditional sports.
GF Securities (Hong Kong), leveraging its rich project experience and solid professional capabilities, actively assisted the Company in the filing process with the China Securities Regulatory Commission for its overseas listing application. During the key stages and critical time points of the Company's IPO issuance, GF Securities (Hong Kong) deeply participated in the market promotion work, establishing effective communication channels with investors. At the same time, it actively connected the resources and advantages across GF Securities (Hong Kong)'s entire platform, helping to introduce well-known institutional and corporate investors, efficiently participating in the book-building process, and ultimately contributing to the successful listing of the Company.
Looking ahead, GF Securities (Hong Kong) will continue to uphold an global perspective and strive to provide high-quality investment banking services throughout the entire industry chain and life cycle for its clients, helping more outstanding Chinese companies to explore the overseas capital markets.
 
Note: "GF Securities (Hong Kong)" referred to in this text includes GF Holdings (Hong Kong) Corporation Limited and/or its relevant subsidiaries established in Hong Kong.
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