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Early-stage esports firm Gamer Pakistan files and sets terms for an $8 million IPO

July 12, 2023

Gamer Pakistan, a pre-revenue organizer of esports events in Pakistan, filed on Wednesday with the SEC to raise up to $8 million in an initial public offering.

The Henderson, NV-based company plans to raise $8 million by offering 1.7 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Gamer Pakistan would command a market value of $115 million.

Concurrently, selling shareholders have registered 2.3 million shares, which may be offered and sold from time to time.

Gamer Pakistan states that it is a development-stage interactive esports event promotion and product marketing company. The company is initially focused on creating men's and women's college, inter-university, and professional esports events, particularly with colleges and universities in Pakistan. Gamer Pakistan has not generated any revenues to date.

Gamer Pakistan was founded in 2021 and plans to list on the Nasdaq under the symbol GPAK. WestPark Capital is the sole bookrunner on the deal.