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April 16, 2021, 7:56 a.m. EDT

Esports stock soars again, after a 6-fold jump on its public debut

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By Tomi Kilgore

Shares of Esports Technologies Inc. /zigman2/quotes/226082549/composite EBET +0.53% soared 36.5% in premarket trading Friday, adding to the 6-fold gain in the previous session, as investors continued to cheer the public debut of the Las Vegas-based online gambling company. The stock's first trade Thursday morning was at $21.00, or 250% above the $6.00 a share initial public offering price, and it continued to climb in volatile trading to close at $36.42. At that closing price, the Esports' market capitalization was about $460.7 million, compared with the market cap of $75.9 million at the IPO pricing. Based on premarket trading Friday, the company is on track to open with a market cap above $600 million. The frenzy for Esports shares occurred on a day that shares of Applovin Corp. /zigman2/quotes/226004863/composite APP +14.82% , with a valuation of $28.6 billion at the IPO price, closed 18.5% below its IPO price, and TuSimple Holdings Inc. /zigman2/quotes/226005952/composite TSP +5.87% , valued at $8.5 billion at its IPO price, closed right at its IPO price. The Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +4.48% rose 1.3% on Thursday while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.49% gained 1.1%.

/zigman2/quotes/226082549/composite
US : U.S.: Nasdaq
$ 20.99
+0.11 +0.53%
Volume: 114,580
May 14, 2021 3:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
N/A
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/zigman2/quotes/226004863/composite
US : U.S.: Nasdaq
$ 57.26
+7.39 +14.82%
Volume: 1.20M
May 14, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$17.85 billion
Rev. per Employee
$1.61M
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/zigman2/quotes/226005952/composite
US : U.S.: Nasdaq
$ 36.77
+2.04 +5.87%
Volume: 1.01M
May 14, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$7.37 billion
Rev. per Employee
$2,197
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 56.45
+2.42 +4.48%
Volume: 151,964
May 14, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,173.85
+61.35 +1.49%
Volume: 1.91B
May 14, 2021 5:02p
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