News

August 01, 2024

NIP Group listed on NASDAQ as China's first eSports stock with service from Waigaoqiao

On July 26, US eastern time, NIP Group was listed on the NASDAQ Stock Exchange, marking the official debut of China's first eSports stock.

Mario Ho, chairman and co-CEO of NIP Group, also set a record by becoming the youngest founder of a NASDAQ-listed company from Asia.

NIP Group is a global integrated digital sports group with its core business in eSports clubs, alongside diversified developments in eSports events, digital sports and talent management.

The financial consulting team from Shanghai United Development Center, a subsidiary of Waigaoqiao Group, provided comprehensive lifecycle consulting services for NIP Group.

This included overseas structure establishment and maintenance, equity delivery for overseas mergers and acquisitions projects and multiple rounds of compliance consulting services related to overseas investments for several leading Chinese institutional investors.