UK-based organisation Guild Esports has raised £20 million ahead of its IPO on the London Stock Exchange, according to a release.
The organisation is most notable for the minority interest held by David Beckham.
Guild Esports announced its intentions to launch an IPO on the LSE on September 9th and was met by widespread criticism and scepticism. Nonetheless, the organisation is continuing with its plans and, according to a release, it set to debut on the exchange on October 2nd.
The organisation said that its oversubscribed offering of 250 million shares was priced at £0.