Esports and content creation collective FaZe Clan is now a publicly traded company, following a merger with a special-purpose acquisition company. The new company is listed on the Nasdaq under the ticker FAZE. The company opened at around $13 per share.
FaZe Clan first announced its intention to go public in October 2021, with the goal of expanding its revenue sources and international presence. In an interview, Lee Trink, the company’s CEO, said FaZe’s popularity with Gen Z audiences is why it will thrive as a publicly traded company.
“We’ve placed ourselves in the top echelon of a youth culture company,” Trink said. “And now, and not just this minute, we have started to shift our focus to monetizing that massive audience. I think that’s really critical for this moment of going public.”
Full article here: https://www.washingtonpost.com/video-games/esports/2022/07/20/faze-clan-stock-nasdaq/
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