Streetbeat News

NIPG

NIP Group Inc.

Industry

Entertainment

NIP Group Inc., through its subsidiaries, operates as an esports company primarily in the People's Republic of China, Sweden, and internationally. It operates Ninjas in Pyjamas, a PC/console esports brand; eStar Gaming, a mobile esports brand. The company also operates a portfolio of esports teams competing at various level in video game titles; and engages in talent management, event production, creative studios, and advertising businesses. In addition, it offers esports education related services to educational institutions; and licenses companies to use the image, including AI and virtual image of its athletes for promotion. NIP Group Inc. was incorporated in 2021 and is based in Stockholm, Sweden.

Open

6.61

Mkt cap

376M

Volume

82K

High

6.94

P/E Ratio

-1.99

52-wk high

17.76

Low

6.41

Div yield

N/A

52-wk low

6.41

NIP Group has signed a definitive agreement to acquire a 61% stake in ZSZQ Limited, the parent company of Wuhan Young Will, for approximately US$3.3 million. The deal involves issuing new shares and plans for further acquisitions in 2025, 2026, and 2027, subject to conditions.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:02 am

Several communication services stocks experienced significant price movements during Monday's intraday session. Notable gainers included Fangdd Network Group, 36KR Holdings, and 9F, while VS Media Holdings and EchoStar were among the biggest losers.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 4:31 pm

eStar Gaming, a subsidiary of NIP Group, plans to collaborate with Dalian Young Boy Football Club. This partnership could enhance eStar Gaming's brand visibility and market reach.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:55 am

NIP Group, a digital entertainment company, has announced a strategic partnership with Homeinns Hotels Group in China. This collaboration aims to enhance digital entertainment offerings within the hospitality sector.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 9:01 am

NIP Group (NASDAQ:NIPG), the first esports company to list on Nasdaq, went public on July 26. The company, known for its 'Ninjas in Pyjamas' esports teams, aims to capitalize on the growing interest in esports, which is now larger than the music and film industries combined. The IPO saw the stock price surge over 80% before stabilizing. The company is diversified across various revenue streams and geographies, and the founder is optimistic about the future of competitive gaming.

Portfolio Pulse from Hayden Buckfire

July 31, 2024 | 4:58 pm

NIP Group Inc. (NASDAQ:NIPG) has successfully listed on Nasdaq, pricing its American depositary shares (ADS) at $9 and selling 2.25 million ADSs, with an additional 182,526 ADSs sold through an exercised option. The company, formed through a merger between Sweden’s Ninjas in Pyjamas and China’s ESV5, aims to become a global digital sports group. NIP Group's ADSs rose 83% on Monday to close at $16.50, making it one of the best performing recent IPOs on Nasdaq.

Portfolio Pulse from The Bamboo Works

July 31, 2024 | 3:32 pm

Merck & Co., Inc. (NYSE:MRK) shares fell 10% after the company reported second-quarter financial results and cut its FY24 adjusted EPS guidance below estimates. Despite beating revenue and EPS estimates, the guidance cut led to a sharp decline. Other stocks such as Imunon, Inc. (NASDAQ:IMNN) and JetBlue Airways Corporation (NASDAQ:JBLU) saw significant gains due to positive news, while QXO, Inc. (NASDAQ:QXO) and VBI Vaccines Inc. (NASDAQ:VBIV) experienced substantial losses.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 5:53 pm

U.S. stocks traded mostly higher with the Dow Jones gaining around 200 points. Pfizer reported better-than-expected Q2 earnings and updated its 2024 revenue and EPS forecasts. Imunon, Agape ATP, and Processa Pharmaceuticals saw significant stock price increases, while QXO, NIP Group, and CNS Pharmaceuticals experienced notable declines.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 2:12 pm

NIP Group has resumed trading of its shares after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:10 pm

NIP Group shares were halted on a circuit breaker after the stock plummeted by 34.7%.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:02 pm

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