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Gamer Pakistan Priced, Nasdaq: GPAK

Pre-revenue organizer of esports events in Pakistan.

Industry: Communication Services

Latest Trade: $0.48 0.00 (0.0%)

First Day Return: -44.3%

Return from IPO: -88.0%

Industry: Communication Services

We are a development-stage interactive esports event promotion and product marketing company, founded in November 2021. Our initial focus is on creating college, inter- university and professional esports events for both men’s and women’s teams, particularly esports opportunities with colleges and universities in Pakistan. The Government of Pakistan’s 2021-22 Pakistan Economic Survey estimated that from 2020-21 there were approximately 500,000 students enrolled in technical and vocational education, approximately 760,000 in degree-awarding colleges, and 1.96 million students in universities.1 Though the foregoing likely will remain our focus for at least 12 months, over time, we intend to expand the range of our esports offerings, expand to other markets and eventually consider live sports. We will endeavor to integrate competitive events that include our teams and leagues with regional and global teams and leagues sponsored by others.We plan to conduct our operations in Pakistan through K2 Gamer (PVT) Ltd. (“K2 Gamer”), and Elite Sports Pakistan Pvt. Ltd. (“ESP”), each a company duly incorporated under the laws of Pakistan. Pursuant to agreements with the three owners of K2 Gamer, we acquired 90% ownership of K2 Gamer on July 10, 2023 when the transfer was approved by the Securities and Exchange Commission of Pakistan (“SECP”).
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IPO Data
IPO File Date 07/12/2023
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 1.7
Deal Size ($mm) $7
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/28/2023
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 1.7
Deal Size ($mm) $7
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
WestPark Capital
Company Data
Headquarters Henderson, NV, United States
Founded 2021
Employees 7
Website www.gamerpakistan.com

Gamer Pakistan (GPAK) Performance