Esports investment company New Wave Esports has began trading on the Canadian Securities Exchange (CSE) under the stock symbol NWES.
Trading began on October 28th, allowing members of the public and investors to own shares in the company.
Daniel Mitre, CEO & Managing Partner of New Wave Esports spoke about going public in a release: “We are proud of this milestone for New Wave Esports as we open the doors to the public, allowing fans, players, associated organizations, and communities from around the world to invest in the esports and competitive gaming industry.
“We’ve built a strong portfolio of quality companies led by professional teams who are paving the way for new heights in esports. As we move forward, growth and expansion of New Wave Esports will bring new opportunities within capital markets and will continue to contribute to an industry we are passionate about.”
New Wave Esports, Trueclaim Exploration Inc. and Subco (a subsidiary of Trueclaim) merged on June 7th, allowing it to bypass the typically-lengthy procedure of listing itself for public investment.
One of the investments made by New Wave Esports was in Canadian based team Lazarus through Tiidal Gaming. Its investment continued through fantasy sports and esports betting platform PlayLine, which was co-founded by Michael Bisping and Roy Hibbert.
It also has production and broadcast company Even Matchup Gaming and technology development company Thunderbolt CDG in its portfolio.
Mitre recently spoke at ESI London at Twickenham Stadium about the company, its offerings, and how it perceives the esports industry.
Esports Insider says: New Wave Esports has been making waves (excuse the pun) by investing in companies recently, and it has now made another big move in terms of investment but in a very different way. It’ll be interesting to see the appetite for such a thing!