Company grasps the potential of esports through its dedicated wagering brand Buff.bet
XB Systems today announced that its shares were admitted to a public listing on March 15, 2021. The company’s 6,336,923 issued shares are expected to begin trading with an opening price of €6.00 per share. The shares will be traded on the Vienna Stock Exchange (Wiener Boerse), listed on Direct Market Plus under the symbol “XBS”.
The Capital Markets Coach is Baader Bank, a full-service bank active in market making, capital markets, multi-asset brokerage, asset management services, banking services and research.
Commenting on the announcement, Daniel Miller, CEO of XB Systems AG, said: “Today’s news is more than just the next phase in XB Systems’ evolution. It’s a validation for the entire potential that esports is showing over the last several years. The industry is enjoying phenomenal growth and our company’s listing will allow us to raise the profile of the business on a global scale.”
XB Systems has been a leader in the esports betting space since 2017 with its brands Buff.bet for esports wagering and Buffhub for esports content. The team is derived from industry veterans in the esports and gaming sectors. Moreover, Buff.bet is at the forefront of esports wagering also due to its custom-built platform developed by market-leading data and software igaming provider UltraPlay.
Over the past year, XB Systems has seen a surge in usage and activity in the esports segment of its business. The Buff.bet operational business has recorded a tremendous increase in terms of player acquisition, retention and increased activity on the esports betting markets. The website is known for its unrivaled esports options, which were further boosted by the addition of the latest esports sensation Valorant last year. Since then, Buff.bet has managed to provide the widest selection of live betting markets on Valorant available in the industry. The company expects that Valorant will be placed at the top of the best-performing esports titles in the coming months.
Through its target markets CIS, Europe and Asia, Buff.bet is expected to consolidate esports as a key wagering vertical and expand to new territories in the following months. Moreover, the recently signed partnership with the market-leading affiliate network Catena Media, through the premium position on Ask Gamblers, increased Buff.bet’s traffic in certain markets by over 27%.
Through its esports dedicated brands Buff.bet and Buffhub, XB Systems will become one of the few esports companies to be listed on the international stock exchange.