First Listed Australian eSports Firm Begins Trading

The Sydney Morning Herald: “The first eSports company to list on the Australian share market gained 27 per cent on its first day of trading, ending the day 1¢ higher at 3¢.”

“On Friday Volta Mining was reborn as eSports Mogul (ESH), a company headed by Melburnian Gernot Abl.”

The post continues: “About 800 million shares were listed on Friday at 2¢ per share and a market capitalisation of $16 million, which consists of the $9 million shell of Volta Mining and $7 million raised from lead managers CPS Capital and Peloton Capital, unnamed institutions and some wealthy individuals.”

Further: “Most of the $7 million raised from shareholders will go towards marketing and creating content for the platforms in Australia and Singapore.”

Add Sky News: “eSports Mogul is focused snaring the Asia-Pacific market in the booming field of online video games and tournaments, or eSports as the genre is known to devotees.”

“eSports Mogul is developing an online platform that will link video game players wanting to take part in eSports, either one-on-one, in teams or tournaments.”

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