London-based organisation Guild Esports has completed its floatation on the London Stock Exchange, with a market capitalisation of £41.2 million.

The listing comes after the organisation managed to raise £20M towards the end of September. The listing was led by joint brokers Zeus Capital and Mirabaud Securities

Guild Esports becomes the first esports organisation to join the London Stock Exchange. As per a release, the organisation is to use the funds raised “to invest in the Guild brand, recruit new players and scale into various esports disciplines.

The organisation, co-owned by David Beckham, launched in June by entering Rocket League, though in August it expanded into FIFA by singing Niklas ‘NRaseck’ Raseck.

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