Tuesday, February 26, 2019

Super League Gaming Sees IPO, But Drops In Debut

Santa Monica-based Super League Gaming had its IPO on Tuesday, debuting at $11.00 in its initial trading, but fell more than 22 percent during the day to close down at $8.50 per share. The company now trades on the Nasdaq as SLGG. Super League Gaming's IPO was underwritten by Northland Capital Markets, Lake Street, and National Securities Corporation. Super League Gaming is led by President and CEO Ann Hand. The company reported in its S-1 that it had a net loss of $20.62M for the year ended December 31, 2018, on sales of $1.04M. Super League Gaming operates an e-sports league and community.

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