NIP Group Inc. has a Form F-1 registration statement on file for an initial public offering; the original was filed before the period this page covers, and the earliest filing here is an amendment filed on 2024-07-05. Amendments on record here: 4. It filed its final prospectus on 2024-07-26. Each fact below is quoted from the filing named with it.
What the filings say
Listing
We have received approval to list the ADSs on the Nasdaq Global Market under the symbol “NIPG.” The ADSs and our Class A ordinary shares will not be listed on any other stock exchange or traded on any automated quotation system.From the 424B4 filed 2024-07-26
Shares offered
We are selling 2,250,000 American depositary shares, or ADSs.From the 424B4 filed 2024-07-26
Use of proceeds
We intend to use the net proceeds from this offering for (i) potential strategic acquisition and investment opportunities to supplement our organic growth, (ii) the marketing and growth of our fan base, potential strategic acquisition and investment opportunities, including marketing and promotional campaigns and events to enhance our brand gravity, grow our fan base and enhance fan engagement, and (iii) expanding the presence of our esports teams and our talent management and event production capabilities, as well as working capital and other general corporate purposes.From the 424B4 filed 2024-07-26
Revenue
According to the Frost & Sullivan Report, driven by increased tournament viewership and continuous government support, the global esports club market in terms of revenue grew at a CAGR of 26.6% from US$0.5 billion in 2017 to US$1.4 billion in 2021, and is expected to continue to grow at a CAGR of 18.8% from 2022 to 2027 to US$3.9 billion.From the F-1/A filed 2024-07-22
Net loss or income
We have incurred loss from operations of US$8.1 million and US$14.7 million, and net losses of US$6.3 million and US$13.3 million in 2022 and 2023, respectively.From the F-1/A filed 2024-07-22
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2024-07-05 | Registration statement amended (foreign issuer) | F-1/A |
| 2024-07-18 | Registration statement amended (foreign issuer) | F-1/A |
| 2024-07-22 | Registration statement amended (foreign issuer) | F-1/A |
| 2024-07-23 | Registration statement amended (foreign issuer) | F-1/A |
| 2024-07-26 | Final prospectus filed: the offering is priced | 424B4 |
Tools for this story
Each opens in a new tab, filled in for NIP Group Inc.. With no account yet, you sign up free and land on the result.
Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.