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Thursday, May 30, 2024

Astralis Group plans to launch IPO in Denmark

Danish Esports organisation Astralis Group, owners of esports teams Astralis (CS:GO), Origen (League of Legends) and Future Football Club (FIFA 19/20) announced expressed their intentions to list itself on NASDAQ. The Astralis group plans to introduce its IPO to the market later this year date of which will be announced later with more details about offering price and quantity.

Team Astralis is considered as one of the  best line-ups in history of CS:GO with a dominant performance throughout the year and a stronghold on #1 rank for majority of the year. This fact alone will help gather many investors interested in the IPO offering.

The organisation will soon release a public prospectus which will offer information about the IPO and the company to the investor.

Nikolaj Nyholm, CEO and co-founder of Astralis Group in the announcement pointed out the strong foundation of his organisation and stronghold of its teams in their respective esports.

According to him, there is a great potential in development of future product stack of the organisation and scaling their business globally. The organisation plans to use the funds gathered from IPO offering towards investment in those ideas.

They also have plans to invest in developing facilities, performance tools, media presence and a commercial platform.


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