David Beckham's Guild Esports raises $26m ahead of Friday's London IPO debut

David Beckham co-owned company Guild Esports has reportedly raised over $25 million ahead of its London Stock Exchange debut on Friday, October 2. Guild Esports is set to become first esports organisation in UK to go public, funds of which will mostly be used for expansion and recruit new players.  UK-based firm plans to use its capital to recruit players to its various rosters using a similar franchise model like teams in English Premier League, NFL and NBA.

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Guild Esports worth before IPO debut

According to Reuters, Guild has raised £20 million ($25.73 million) ahead of its London IPO debut. owners hope to raise ar £20 million by listing as much as 40% of its shares. IPO listing values  company at around £50 million ($65 million).  report furr claims come Friday, about 250 million shares will be available for general public to invest in.

price per ordinary share will be 8 pence. Zeus Capital Limited and Mirabaud Securities Limited will be joint brokers for IPO. 

David Beckham, who is one of co-owners of Guild Esports, will hold a 4.78% stake in company following initial public offering. He will remain fourth-largest shareholder of Guild. Or investors include Toro Consulting Ltd, Blue Star Capital PLC and Schroder Investment Manment Limited. 

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Carleton Curtis, executive chairman of Guild Esports, said during last month's press release, "Guild will be first e-sports franchise to join London stock market," Curtis said in press release. "It will provide us with cache, credibility and capital to fulfil our ambition to become one of world's top 10 e-sports franchises within three years."

Guild has progressed steadily in hotly contested esports scene to make a name for itself. David Beckham bought a "significant mirity stake" in company through his investment vehicle, DB Ventures. esports organisation will benefit from former England international's "global influence and following to support development of company's brand and business."

Guild Esports currently boasts an active Rocket League roster that features European talents like Joseph 'ly' Kidd, Thomas 'ThO.' Binkhorst, Kyle 'Scrub Killa' Robertson and Kieran 'meqza' Durell. In addition, Guild also has pro FIFA player Niklas “NRaseck” Raseck in ir ranks. In coming days, Guild will likely look to enter competitive titles like Fortnite and Counter-Strike: Global Offensive (CS:GO).

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(Im Credits: David Beckham Instagram)