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E-sports platform Super League Gaming sets terms for $25 million IPO

February 12, 2019

Super League Gaming, which operates a platform that facilitates and streams e-sports competitions, announced terms for its IPO on Tuesday.

The Santa Monica, CA-based company plans to raise $25 million by offering 2.3 million shares at a price range of $10 to $12. At the midpoint of the proposed range, Super League Gaming would command a fully diluted market value of $97 million.

Super League Gaming was founded in 2014 and booked $1 million in sales for the 12 months ended December 31, 2018. It plans to list on the Nasdaq under the symbol SLGG. Northland Securities and Lake Street Capital Markets are the joint bookrunners on the deal. It is expected to price during the week of February 25, 2019.