Super League Gaming raised $25 million in an initial public offering on Nasdaq. But shares in the opening round have fallen 12.3 percent from $11 a share to $9.64 a share.
That’s a pretty poor reception, and it suggests that Super League Gaming isn’t going to defy gravity. The IPO market for tech companies has been weak for the past four months, thanks in part to trade and economic jitters. While most startups in gaming and esports have opted to raise venture funding, Super League Gaming went straight for the IPO, even though it is a young company started in 2014.
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