VSPN reportedly considering IPOThe initial public offering could raise “several hundred million dollars” this yearMarie DealessandriAcademy WriterTuesday 23rd February 2021Share this article Recommend Tweet ShareChinese esports company Versus Programming Network (VSPN) is reportedly pondering an initial public offering in the US.According to Bloomberg, the IPO could happen as soon as this year and could raise “several hundred million dollars,” a source close to the matter told the publication.The process is still at a very early stage, so details are very scarce at the moment.Related Jobs3D Artist – Mobile Studio – Midlands UK & Europe Big PlanetProducer Indie Game Studio France UK & Europe Big PlanetSenior C++ Unreal Programmer – PC and Console Studio – Austria South East Big PlanetDiscover more jobs in games VSPN, also known as Xi’an Quantum Sports Management Co, was founded in 2016 and is currently headquartered in Shanghai. It also has offices in Indonesia, Saudi Arabia, South Korea, and the US.It specialises in esports tournaments for titles such as Honor of Kings, PlayerUnknown’s Battlegrounds, and Clash Royale.In October last year, it raised $100 million in a series B round led by Tencent, which also included contributions from Tiantu Capital, SIG, and Kuaishou. It recently raised another $60 million from Lighthouse Capital, Prospect Avenue Capital, Guotai Junan International, and Nan Fung Group.Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Daily Update and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesCEO says Paradox “can do better” as Q1 profits plummet”We are not satisfied with the quarter,” CEO Ebba Ljungerud saidBy Marie Dealessandri An hour agoStarbreeze’s Q1 losses shrink 95% to $505,000New CEO Tobias Sjögren says “the road ahead is clear” as Payday 3 is fully funded By James Batchelor An hour agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.