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Motorsport Games wrapped its $60 million IPO. Based in Miami, Motorsport Games is a developer of a motorsport racing series.
Motorsport Games completed its $60 million initial public offering, the company announced. Motorsport offered 3 million shares at $20 per share, the upper level of its revised $19 to $20 range. The company originally planned to raise $42.3 million in the deal with pricing set at between $16 and $18 per share.
Motorsport Games is now trading on the Nasdaq under the ticker symbol "MSGM." Shares opened at $35 and jumped by about 50% in the first day of trading.
Canaccord Genuity and The Benchmark Company were the lead bookrunners for the deal.
Before you can invest in Motorsport Games Inc, you'll need to open a brokerage account.
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It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Motorsport Games Inc can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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