NIP Group Inc Successfully Listed on NASDAQ Global Market (NASDAQ: NIPG)
Industry: Digital Entertainment and Esports Content
Listing Date: July 26, 2024, NASDAQ
Fundraising Amount: USD 20.25 million
Partners: Tiger Brokers (Lead Underwriter), GF Securities, CLSA, Kingswood Capital
DYGO Holdings successfully assisted NIP Group Inc. (NIPG) in completing its listing on the NASDAQ Capital Market, making it the first Chinese esports entertainment group to go public in the U.S., raising approximately USD 20.25 million. NIP Group integrates renowned esports brands such as Ninjas in Pyjamas and eStar Gaming, establishing a competitive presence spanning Europe and China. Shares were issued at USD 9 per ADS, with proceeds aimed at expanding team rosters, enhancing content production, live event capabilities, and diversifying the group’s cultural and entertainment business layout.
Through this capital raise, NIP Group is accelerating its global expansion strategy and has launched the “NIP Culture & Entertainment” initiative, entering the large-scale music and cultural event sector. In 2025, the “Wonderland Music Festival” held in Beijing attracted over 70,000 attendees, successfully blending esports with trend-driven entertainment to reach younger audiences and increase brand value. The group is also deepening its outreach in European and Middle Eastern markets, enhancing event production capabilities and global branding. Moving forward, NIP Group aims to further commercialize esports content and strengthen brand influence, aspiring to become a global leader in digital entertainment and esports.