FaZe Clan, one of the largest global gaming companies, began trading publicly on the Nasdaq today. It's one of the first gaming and entertainment companies targeted specifically toward Gen-Z consumers to go public.
The deal valued the company at $725 million, down slightly from initial third-party valuations that priced the combined company at about $1 billion.The company brought in $53 million in revenue in 2021, up from $38 million in revenue in 2020.
Most of the company's revenues come from sponsorships, content production, consumer products and its esports competitions.
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