David Beckham’s esports business plans London IPO
Guild Esports plans to float to raise funds to expand the esports disciplines it covers.
UK.- Guild Esports, the scouting and coaching business co-owned by the former England football player David Beckham, has announced plans to float on the London Stock Exchange’s principal market.
Guild says it will use funds raised through an initial public offering to invest in the business and expand the number of esports disciplines it covers over the 2020-21 season.
The business coaches players to compete in professional esports competitions and plans to launch a scouting network to identify new talent.
It plans to field players in competitions in FIFA, Rocket League, Counter-Strike: Global Offensive and Fortnite. It hopes to see its players enter their first competitions this autumn.
The business is receiving support from British investment banking operation Zeus Capital.
A team from Zeus made up of John Goold, Benjamin Robertson, Jamie Peel and Richard Darlington will act as joint broker and bookrunner for the IPO.
Guild Esports launched in June with Carleton Curtis, widely recognised as the man behind the Overwatch League and Call Of Duty leagues, as its executive chairman.
