Gamer Pakistan (GPAK) CEO On IPO & Evolution Of E-Sports

Gamer Pakistan (GPAK) debuted on the NASDAQ today. CEO Jim Knopf and Chief Data Officer, Nick Venezia join Nicole Petallides to discuss this IPO and give an overview of the company. They talk about the evolution of e-sports and how GPAK is the first Pakistani entity on the NASDAQ. GPAK offered 1.7M shares, priced at $4-$5 each. GPAK expects 25.6M shares outstanding and the company has a valuation of ~$128M. They outline the international growth outlook for e-sports. GPAK’s sponsorship revenue accounted for nearly 60% of e-sports revenue in 2022. Tune in to find out more about the stock market today.