FaZe Clan goes public as first esports and gamer lifestyle brand on Nasdaq

FaZe Clan, the esports and gaming lifestyle and media brand, is going public today in a deal that valued the company at $725 million.

The company is making its bid to be the harbinger of mainstream youth culture, even though it still has challenges making money as we’re heading into a possible recession. [Update: The stock opened at $13.02 a share, and it fell 29% to $9.23 a share in early trading.]