Astralis Becomes First Esports Org Listed on US Stock Market

by in General | May, 13th 2021

Astralis’ parent company (Astralis A/S) is now publicly listed on the US Stock Market. We’ve talked about this once or twice, with news that Astralis wanting to be the first esports org with an IPO. Now we can confirm that on OTCQC Best Market, you can purchase shares of Astralis via the US Stock Market. Now if you’re a fan of the org, or simply someone who sees them as a valuable investment and are in the US, you can now do just that. Another fun fact, trading under ASGRF, they are the 500th company to be listed on this market. That’s not useful, but it is interesting.

From Danish NASDAQ to US Stock Market

Back in 2020, Astralis revealed they achieved satisfactory results on the financial side of things. That’s despite a loss of 8.5m and -2.3 in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). Despite that, it’s been a pretty good year for Astralis so far. In particular, Anders Horsholt spoke about this listing:

“We are pleased to have qualified to trade on the OTCQX. It will give our current and potential new shareholders an additional and larger regulated platform from which they can conveniently trade our common share and it provides added exposure to an expanding US market of esports investors.”

This is a huge move for esports in general. To see more orgs reach out to the stock market and get investors this way, it’s a great way to finance future moves and get more eyes on their group. Perhaps not so much fans of Astralis will be on the US Stock Market, but some may. It’s more to help with investors and perhaps future partnerships. With companies seeing esports on the stock market, they may be seen as more viable partners. It’s not cheap to get an esports org moving, and having more revenue streams like this is important.


Leave a Reply