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On 26 July 2024 (EST), NIP Group Inc. (NIP Group) launched its IPO on NASDAQ under the stock code “NIPG”, marking the birth of “China’s first e-sports stock”. In this IPO, NIP Group issued 2.25 million American depositary shares (ADS, each ADS representing 2 Class A ordinary shares) at US$ 9 per ADS, raising approximately US$ 20.25 million (excluding over-allotment options). Underwriters for the IPO include US Tiger Securities, Inc., GF Securities (Hong Kong) Brokerage Limited, CLSA Limited, and Kingswood Capital Partners, LLC.