Online gaming company Guild Esports, which is co-owned by David Beckham, has announced plans to raise £20million by selling shares via the London Stock Exchange for the first time.
Former Manchester United and England star Beckham is a founding shareholder of Guild and is represented on the company’s board.
The London-based firm will become the first franchise of its kind on the LSE if the plan to float goes ahead this autumn.
Beckham, who has a significant but undisclosed minority stake in the business, will harness his ‘global influence and following to support the development of the company’s brand and business’, the company said.
Former Manchester United and England star Beckham is a founding shareholder of Guild Esports
Esports, where spectators watch players video gaming competitively, has seen its popularity surge during lockdown with Britons spending significantly more time at home than before.
Guild’s shares will initially be offered to major investors next month, but afterwards will trade freely on the LSE where anyone will be able to buy them.
Cash from Guild’s initial share placing via major investors will be used to recruit new players, invest in the Guild brand and expand the company’s activities, the company said