{"id":17475,"date":"2023-08-10T12:55:56","date_gmt":"2023-08-10T09:55:56","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=17475"},"modified":"2024-04-15T13:51:03","modified_gmt":"2024-04-15T10:51:03","slug":"top-3-of-the-largest-ipos-scheduled-for-august-2023","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2023\/08\/10\/top-3-of-the-largest-ipos-scheduled-for-august-2023\/","title":{"rendered":"Top\u00a03\u00a0of\u00a0the\u00a0Largest\u00a0IPOs\u00a0Scheduled\u00a0for\u00a0August\u00a02023"},"content":{"rendered":"\n

The top three largest IPOs in terms of market capitalisation, set to occur in August 2023, comprise the forthcoming stock offerings of companies like Gamer Pakistan Inc., Fitell Corp., and Vitro Biopharma Inc.<\/p>\n\n\n\n

Today, we will share with you the distinctive aspects of these issuers' business models, the specifics of their planned initial public offerings, the potential of the target market, delve into the financial standings of these firms, and outline their strengths and weaknesses.<\/p>\n\n\n\n

<\/span><\/a>1. Gamer Pakistan Inc. IPO – 115 million USD<\/span><\/h2>\n\n\n\n

Year of registration:<\/strong> 2021<\/p>\n\n\n\n

Registered in:<\/strong> the US<\/p>\n\n\n\n

Headquarters:<\/strong> Henderson, Nevada<\/p>\n\n\n\n

Sector:<\/strong> technology<\/p>\n\n\n\n

Date of IPO:<\/strong> 10.08.2023<\/p>\n\n\n\n

Exchange:<\/strong> NASDAQ<\/p>\n\n\n\n

Ticker:<\/strong> GPAK<\/p>\n\n\n\n

Gamer Pakistan Inc. organises esports tournaments in Pakistan, primarily involving college and university students. According to the issuer, approximately 36.8 million people in Pakistan play video games, and the number is projected to reach 50.9 million by 2026.<\/p>\n\n\n\n

\"Championships
Championships<\/em> organised by Gamer Pakistan Inc.<\/em><\/figcaption><\/figure>\n\n\n\n

Gamer Pakistan Inc. plans to hold 18 competitions this year. At this stage, the company does not collaborate with advertisers and has no revenue stream. It is anticipated that as the tournaments gain popularity, the issuer will be able to generate revenue from advertising sales.<\/p>\n\n\n\n

Investments raised (as at 31.03.2023) amount to 0.54 million USD.<\/p>\n\n\n\n

The main investors are Angyalfy Family Trust, Sports Industry of India, Razor Legacy Investments LP, and Bradshaw Capital LLC.<\/p>\n\n\n\n

<\/span><\/a>The outlook for Gamer Pakistan’s target market<\/span><\/h3>\n\n\n\n

According to a report by Niko Partners, the global esports market was valued at 1.3 billion USD in 2022. Pakistan’s regional market is in the early stage of development and lacks major players. Its expansion is driven by the increasing number of owners of smartphones and gaming consoles in the country.<\/p>\n\n\n\n

<\/span><\/a>Financial performance of Gamer Pakistan<\/span><\/h3>\n\n\n\n
\"Financial
Financial performance of Gamer Pakistan Inc.<\/em><\/figcaption><\/figure>\n\n\n\n

Revenue for 2022: none<\/p>\n\n\n\n

Net loss for 2022: 0.31 million USD<\/p>\n\n\n\n

Net cash flow (as at 31.03.2023): none<\/p>\n\n\n\n

Cash and cash equivalents (as at 31.03.2023): 0.23 million USD<\/p>\n\n\n\n

Liabilities (as at 31.03.2023): 0.35 million USD<\/p>\n\n\n\n

<\/span><\/a>Strengths and weaknesses of Gamer Pakistan<\/span><\/h3>\n\n\n\n

Strengths:<\/p>\n\n\n\n