Esports are popular in Pakistan where about 65% of the population is below the age of 30
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.
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