Ninjas in Pyjamas Parent's Shares Jump in U.S. Trading Debut

Dow Jones07-27

By Dean Seal

American depositary receipts for the parent company of Ninjas in Pyjamas, the Swedish professional videogaming organization, climbed during their Friday debut on the Nasdaq.

The stock was up 28%, at $10.64, in midday trading.

The company, NIP Group, said last month that it had filed for an initial public offering of American depositary shares. Weeks later, it unveiled a plan to offer 2.3 million shares at $9 to $11 apiece.

On Thursday night, the Stockholm-based company said its offering of about 2.25 million shares had priced at $9 apiece, bringing the size of the offering to about $20.3 million.

The IPO is expected to close on June 29.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

July 26, 2024 12:23 ET (16:23 GMT)

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