FaZe Clan is an institutional name in the esports world and they are making some more waves right now. In recent news, FaZe Clan is announcing that they intend to become a publicly traded company in the New York Stock Exchange. A big portion of this move comes with the fans in mind, giving them a chance to take part in FaZe Clan themselves. You can read more on FaZe Clan’s public address around this topic using this link here: FaZe Clan News. This move has already turned some heads, and will likely result in other organizations making similar moves.
This move is a merger with the B. Riley Principal 150 Merger Corp., whose entire business plan is set on acquiring publicly traded companies. This merger is a step in a different direction for sure, but seemingly has unlimited potential. This move is beyond exciting for the FaZe Clan CEO Lee Trink. “This transaction will provide us capital and access to the public markets, which will help us accelerate the expansion of our multi-platform and monetization strategy.” During the evaluation process of this merger, FaZe will reach an “equity value of approximately one billion dollars.”
This move is purely the tip of the iceberg for the esports world. FaZe is one of the more well known entities and a pioneer in the space. It only makes sense that they are the ones to make this substantial move. One that positions themselves for nearly unlimited growth. Tag us on social media and let us know what you think about this move: #Drop-In Gaming Socials