en
ua
ru
de
pt
es
pl
fr
tr
fi
da
no
sv
en
EGW-NewsEsportsAll newsAstralis Group announces its intention to trade on the US market

Astralis Group announces its intention to trade on the US market

0
0
2926

Danish esports organization Astralis Group has announced its intention to trade in the US market through a double quotation on the OTCQX Best Market.

According to a press release, the organization applied for a public listing in the country due to the growing interest of American investors in Astralis Group.

Chicken.gg

Free gems, plus daily, weekly, & monthly boosts!

Chicken.gg
CS:GO
Claim bonus
Farmskins

Sign up now and get 2 FREE CASES + 5$ Bonus

Farmskins
CS:GO
Claim bonus
CSFAIL

EXTRA 10% DEPOSIT BONUS + free 2 spins

CSFAIL
CS:GO
Claim bonus

If successful, American investors will be able to purchase Astralis Group shares. The organization also said the listing is expected to increase liquidity, which bodes well for further gains in the share price.

As a reminder, in December 2019 Astralis Group became the first esports organization to be publicly listed on the Danish Nasdaq stock exchange under the ticker ASTGRP. Since then, other esports organizations have entered the exchange, including Guild Esports, ESE Entertainment and Luckbox.

Due to the organization's public listing, the financial report for 2020 was recently released. Astralis Group announced "satisfactory" results, increasing its net revenue from £ 5.59m in 2019 to £ 5.93m in 2020. The organization also said 66 percent of its 2020 revenues came from sponsorship agreements.

Astralis Group's OTCQX trading application process is expected to be completed within four weeks.

Leave comment
Did you like the article?
0
0

Comments

BRING TO TOP
FREE SUBSCRIPTION ON EXCLUSIVE CONTENT
Receive a selection of the most important and up-to-date news in the industry.
*
*Only important news, no spam.
SUBSCRIBE
LATER
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic.
Customize
OK