The deal to join the stock market through a merger with a shell company would value the e-sports conglomerate at about $1 billion.
FaZe Clan, the e-sports conglomerate, announced on Monday that it planned to join the public markets in a deal that involves merging with a special purpose acquisition company, or SPAC, which would value it at about $1 billion. Founded in 2010, FaZe Clan is an influencer marketing agency, e-commerce company and e-sports team all in one. (The company’s chief executive, Lee Trink, once described it as “Dallas Cowboys meets Supreme meets MTV.”) It will be one of the first prominent e-sports companies to go public — and it‘s likely to draw attention from the retail traders who helped fuel the SPAC frenzy. Mr. Trink is a former Hollywood entertainment manager who worked with Kid Rock.
