G
lobal gaming technology and content group Bragg Gaming will begin trading on Nasdaq on August 27, announced the company on Wednesday. The group, which also owns B2B companies in the iGaming industry, says Bragg’s common shares have been approved for listing, according to a press release.
The shares are expected to begin trading under the ticker symbol “BRAG”, and the company will retain its listing on the Toronto Stock Exchange also under the ticker symbol “BRAG”. The company first filed an application to list on Nasdaq in March 2021 and secured backing later this year.
On the importance of the authorization to begin trading, Richard Carter, Chief Executive Officer of Bragg said: “Our Nasdaq listing approval marks another key milestone in Bragg’s growth and evolution and will allow the company to attract greater capital markets interest in the U.S. where we are successfully pursuing the large and rapidly growing iGaming market opportunity.”
By listing in the U.S. and maintaining its Canadian listing, the company believes to be positioned to enhance shareholder value “by improving the company’s visibility” and trading liquidity for investors.
“We believe Bragg is ideally positioned to grow our business and gain share in the large global iGaming market and the Nasdaq listing is another positive step that will enable us to move forward aggressively with our plans,” further added the CEO.
Since its inception in 2018, the group has grown to include operations across Europe, North America and Latin America, with a focus to expand into an international force within the global online gaming market.
Throughout the year, the company has taken a number of steps to consolidate this presence in the American market. In May 2021, Bragg announced its planned acquisition of Nevada-based Spin Games, B2B gaming technology and content provider servicing the U.S. market and holder of licenses in key iGaming-regulated states.
In June, the company further expanded its footprint in the U.S. market by acquiring Nevada-based content developer Wild Streak Gaming in a deal worth about $30 million; and Chris Looney, who previously held the position of Commercial Director at Red Tiger Gaming, was named new CCO in July, eyeing further expansion plans in the B2B iGaming space in North America.
Original article: https://www.yogonet.com/international//noticias/2021/08/26/58991-bragg-gaming-cleared-to-start-nasdaq-trading-on-friday
