FaZe Clan has gone public in £607million deal
Esports and lifestyle brand FaZe Clan has officially gone public on the Nasdaq Stock Market in a deal evaluating at £607million ($725million).
As reported by Axios, the gaming company officially began trading publicly on Nasdaq yesterday (July 20) shortly after its SPAC (Special-purpose acquisition company) merger with B.Riley Principal 150 Merger Corp.
According to the publication, this is the first gaming company targeted at Gen-Z (those born between the late ’90s and early ‘2010s) consumers to go public and will now…