Mario Ho's NIP Group Raises USD20.3 Million as First Chinese Esports Firm on Nasdaq

Jul 29, 2024, 04:11 AM

NIP Group, a Chinese esports organization known as ICN., went public on Nasdaq on Friday, becoming the first esports stock from China. Mario Ho (HeYoujun), the 29-year-old son of Macao casino tycoon Stanley Ho, is the controlling shareholder and chairman of NIP Group. To celebrate the IPO, Mario Ho rang the opening bell for Nasdaq on July 26. The listing raised USD20.3 million, marking a significant milestone for the Chinese esports industry.