[ad_1]
No particular deadline for a possible IPO has been determined.
The Qatar-backed Group One Holdings is mulling a United States c (IPO), which comes following its exploration of a list by means of a blank-check agency, in keeping with sources aware of the case, Bloomberg reported.
The company, which is behind martial arts property agency ONE Championship, is planning to vary its authorized handle to the Cayman Islands from its present station in Singapore “as a step in the direction of a possible US itemizing,” sources who disclosed the data stated, choosing anonymity.
The agency plans to inform the Singaporean regulator, Accounting and Company Regulatory Authority, on Monday, they added.
By way of an fairness financing stage in December led by Guggenheim Investments and Qatar Funding Authority, the MMA property agency raised $150 million, elevating its post-money valuation to $1.35 billion.
Group One will use December’s funding to enhance its progress technique, together with growing its outreach outdoors Asia.
The sports activities media platform broadcasts in additional than 150 international locations, and likewise consists of gaming property One Esports for programme builders and different key stakeholders within the gaming world.
ONE Championship in Qatar
In an unique interview on the sidelines of the Qatar Financial Discussion board earlier this yr, Chatri Sityodtong, Chairman and CEO of ONE Championship revealed to Doha Information the corporate’s plans to collaborate with Qatar.
“I actually consider that Qatar is all the weather to change into one of many main epicenters of sports activities sooner or later,” he stated.
“I believe that ONE suits very effectively with the long run imaginative and prescient of his highness, the amir. As power, pure gasoline and oil declines over the subsequent 20 to 30 years, Qatar’s future is more likely to centre round “finance, tech, media, sports activities and I believe that’s one thing that could be very strategic for the nation of Qatar and I believe we’re blessed in that Qatar sees us as a significant international sports activities property clearly with World Cup and probably bidding for the olympics,” he stated.
It’s very clear that sports activities goes to be a really huge a part of Qatar’s long run imaginative and prescient and I actually consider that Qatar is all the weather to change into one of many main epicenters of sports activities sooner or later,” he added.
Whereas nearer collaboration is on the playing cards within the close to future, ONE has already unveiled plans to characteristic the Gulf state in season two of its hit Netflix present ‘The Apprentice: ONE Championship Version’.
The favored collection gained some 4 million viewers in its premiere broadcast final yr, putting the present as Asia’s most watched English-language actuality premiere in 2021.
It additionally outperformed different top-rated actuality competitors premieres.
“[The series has] been a really thrilling journey as a result of it introduces new followers and households to our model,” Sityodtong, stated.
“The concept was introducing our model in a unique format and so that you get the world champions enjoying cameo roles within the collection itself, however the identical time you’ve the candidates who’re vying for a job at one. They’re having to undergo not solely enterprise challenges but additionally bodily challenges,like leaping off 110 ft bridge in Singapore,” Sityodtong added.
“They needed to do a whole lot of loopy issues with the spirit of overcoming worry, you understand, residing your best model of your self,” the CEO of the Singaporean fight sports activities promoter instructed Doha Information.
Group ONE Holdings (ONE) and Qatar’s Media Metropolis inked a Memorandum of Understanding in June throughout this yr’s Qatar Financial Discussion board, in an effort to develop a long-term partnership.
That is designed to permit collaboration within the manufacturing and overseeing of a variety of worldwide content material in Qatar throughout a number of media sectors, together with authentic programming, studio exhibits, and Esports.
“We’re excited to carry ONE nearer to all our followers in Qatar and throughout the Center East […] we’re dedicated to enhancing this imaginative and prescient whereas constructing world-class content material in Qatar to serve thousands and thousands of followers all over the world,” Sityodtong expressed.
[ad_2]
Source link
