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Bragg Gaming Group Goes Public on Nasdaq
Bragg Gaming Group joined the elite club of companies listed on Nasdaq. The company’s common shares have been available for trading on Nasdaq since late August 2021. Bragg has been traded on the Toronto stock exchange since January, so Nasdaq assigned it the same ticker symbol - BRAG. The price per share is currently around $12, without any major fluctuations.
Why Did Bragg Gaming Group Go Public?
Richard Carter, the CEO of Bragg Gaming Group, said one of the main reasons to go public is the increase of the value for all the shareholders. They also added that some of the main goals of the company include growing business and market share. According to Carter, increasing market share is crucial for US and Canadian investors. The entire listing process on Nasdaq Global Select Market happened pretty quickly. The company launched on 27 August, just a few days after it got the final approval (25 August). We are sure the prestigious NASDAQ listing will generate capital-raising opportunities and more liquidity for all investors, as well as more credibility and visibility.
About Bragg Gaming Group
Bragg Gaming Group has been around since 2018. It is specialized in global gaming technologies and casino content production. At the moment, it is present in Europe, Latin America, and North America. Bragg is best known for its 2018 Oryx Gaming acquisition which added some premium products to its portfolio, including more than 5,000 gaming titles, PAM platform, and ready-to-use platforms for B2B customers. In the US, it is mostly famous for its Wild Streak Gaming subsidiary. Wild Streak Gaming is a premium content studio, specialized in North American markets. It delivers land-based, online, and social gaming content to customers across the US and the UK. Like all that is not enough, in May 2021 it also added Spin Games to its portfolio. Spin Games is a US content provider, regulated in some of the most important states.
Bragg Gaming Group collaborates with some of the best and biggest online gaming companies. The long list includes Kindred Group, Entain, BalkanBet, and plenty of others. In Q2 2021, the company reported significant growth of 27.6% on a year-to-year basis. During that period, the company released 11 exclusive games via the Oryx platform. Only two games were made in-house, while nine of them were aggregated by smaller indie studios. During the same period, Wild Streak Gaming released two additional proprietary titles. Even though these numbers don’t sound impressive, keep in mind that in 2020 the company didn’t create a single game.