Rivalry shares began trading on stock exchange in Canada

The TSX Venture Exchange is a stock exchange in Canada headquartered in Calgary, Alberta, with offices in Toronto, Vancouver, and Montreal.

“Listing publicly on the TSXV marks the next major step in Rivalry's journey. We are building the most comprehensive betting and entertainment experience for the next generation globally, and feel we are just getting started,” said Steven Salz, Co-Founder and CEO of Rivalry. “Our team is grateful for the support of all our early investors and we look forward to continued mutual success.”

Rivalry became a public company upon being issued a receipt for its final (long-form) prospectus dated September 17, 2021 and following the completion in June of an oversubscribed offering of subscription receipts for gross proceeds of approximately US$22 million.

Rivalry is a fully regulated sports betting and sports media company operating globally where permitted. Focusing on eSports, the company has built Rivalry into the most engaged eSports betting brand in the world. With a wholly owned and internally developed proprietary tech stack, double digit month-over-month growth, and profitable customer unit economics, Rivalry is building the leading betting and entertainment destination for the next generation.

Rivalry is one of the main betting platforms in Brazil where it invests heavily in security, platforms, eSports, sponsorships and facilities such as paying with PIX to make users experience even more fun.

The company plans to build on this momentum through execution on the following priorities:

• Leverage Rivalry’s strength in esports betting and strong engagement among the next generation to grow its traditional sports betting and casino games businesses.
• Increase its presence in regulated markets with an expected launch of sports betting in Australia in Q4 2021, anticipated license applications in Canada, beginning with Ontario, and earlier-stage new license processes in other major markets.
• Develop and introduce new products, such as innovative multiplayer casino games, based on the Company’s proprietary and highly scalable technology platform.
• Materially enhance the scope and scale of its media portfolio, including both social media properties and video content across various platforms in order to enhance the global brand resonance of Rivalry.

Source: GMB