David Beckham-owned esports organisation Guild Esports has announced that it is now officially trading in the US through the OTCQB Venture Market.
Guild Esports will be traded under the ticker symbol ‘GULDF’, the company announced in a release. The organisation’s shares will continue to be traded on the London Stock Exchange.
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Kal Hourd, Chief Executive of Guild, said: “Guild is thrilled to begin trading on the OTCQB Venture Market. The cross-trading of the ordinary shares from London will provide the Company with increased access to US institutional and retail investors and a broader shareholder base. US investors will now have the opportunity to share in the Company’s growth as the esports market gains momentum.”
According to the release, trading in the United States will allow Guild Esports to reach more possible investors and extend its reach to North America. The organisation also noted in the release that trading in the United States will have no effect on existing shares trading on the London Stock Exchange.
The OTCQB is a mid-tier OTC equity market that lists mostly early-stage and developing companies.
Guild Esports joins OverActive Media in entering the OTCQB Market. MAD Lions’ holding company announced earlier this year that began trading in the USA via the same market.
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David Beckham, Co-owner of Guild, added: “It has been great to see Guild start to make its mark with top rankings across all teams and some great commercial partners like Subway and Samsung. It will be exciting to see this next stage in Guild’s development.”
Esports Insider says: Guild Esports is slowly stretching its legs across the Atlantic and turning to the United States. The fact that the company is now traded publicly in the USA means that a wider audience can invest in Guild, while also providing the organisation with global investor awareness that is vital for a young company.