Sports betting and media company Rivalry Corp – which operates Isle of man-licensed esports betting site Rivalry.gg – has listed its subordinate voting shares on the TSX Venture Exchange (TSXV) in Canada.
The share are now ready to trade when the market opens today (5 October).
The move completes Rivalry’s bid to become a publicly traded company, which began last month with a successful offering of subscription receipts for gross proceeds, valued at around USD$22m.
The company partnered with the Esports Integrity Coalition back in 2018, months before expanding its offering to traditional sports betting.
After the TSXV listing, the company expects to have securities issued and outstanding for 53.2 million subordinate shares, 2.2 million multiple voting shares and 6.4 million warrants to purchase subordinate shares.
Rivalry co-founder and CEO Steven Salz said: “Listing publicly on the TSXV marks the next major step in Rivalry’s journey. We are building the most comprehensive betting and entertainment experience for the next generation globally, and feel we are just getting started.
“Our team is grateful for the support of all our early investors and we look forward to continued mutual success.”
The company’s objectives following the listing include developing new products, increasing its presence in regulated markets, and maintaining the scale of its media portfolio.