Gamer Pakistan Inc., an esports company, is poised to become the first Pakistani entity to list on Nasdaq with its initial public offering expected to price later Thursday.
It’s also a market in which mobile phone subscriptions have grown at a stellar pace to cover about 80% of the population in 2020 compared with 0.2% in 2000, according to the company’s prospectus. There are about 1.96 million students in Pakistani universities and esports are recognized as a sport. Gamer Pakistan conducts its operations through K2 Gamer, in which it owns a 90% stake. K2 Gamer has an assignment and consulting agreement with its affiliate ESP, which also signs up universities for esports events.