Luckbox set to finally list on Toronto Venture Exchange
Operator to go public after months of planning and funding rounds
Esports operator Luckbox is finally set to go public on the Toronto Venture Exchange on 16 December after months of planning.
The Isle of Man-based platform will list on the Exchange under its corporate moniker of Real Luck Group (LUCK).
As part of the IPO, capital pool company Elephant Hill will acquire the firm and present former Luckbox shareholders with 32.2 million shares worth $13.5m USD (£10m).
Luckbox had raised C$5m (£2.9m) in an oversubscribed funding round in July ahead of the proposed listing, with investors including Major League Soccer (MLS) veteran goalkeeper Luis Robles, who plays for the David Beckham-owned Inter Miami.
In a post on the social media site Linkedin, Luckbox CEO Quentin Martin said: “It is my pleasure to announce that Luckbox will be trading on the TSXV on Wednesday under ticker LUCK. It is done! Or, the end of the beginning at least!”
Luckbox follows fellow esports-first operator Esports Entertainment Group in going public, with the Malta-based operator listing on the Nasdaq earlier this year.
Luckbox recently won the Rising Star gong at the EGR Operator Awards, as well as being named as a one to watch in the annual EGR Power 50 rankings.