Summary
- NIP, the first listed Chinese company in the esports industry, raised $20.25 million through its IPO
- Chairman Mario Ho Yau-kwan sees this listing as a significant step for the global gaming industry
- Nasdaq vice-chairman Bob McCooey praised Ho for being the youngest founder of a Nasdaq-listed company in Asia
- NIP plans to use proceeds for working capital, team expansion, marketing, and strategic investments
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