Skillz will have $250 million in the bank after its SPAC transaction.
Skillz is the newest public gaming company, with a focus on mobile esports.
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Mobile esports firm Skillz sees stock price jump 25% in first-day trading

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Mobile esports company Skillz saw its shares rise 25% to $22.73 a share in its first day of trading on the New York Stock Exchange.

The San Francisco company took advantage of the boom in the game industry, which has grown quickly this year as people turn to games for solace during the pandemic. The stock price gain echoes the strong performance of other game-industry companies, such as Unity’s recent initial public offering (IPO).

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.