Esports

Esports group Astralis plans industry's first IPO

Illustration of a gamer and a line graph
Illustration: Sarah Grillo/Axios

Astralis, a Denmark-based esports group that includes the world's top-ranked Counter-Strike team, is planning to go public next week in Copenhagen.

Why it matters: This would be the first-ever public listing of an esports group, possibly priming investors for future floats from larger organizations.

China tops Europe at League of Legends Worlds

Competitors at the LoL championship
Photo: Cyril Marcilhacy/Washington Post/Getty Images

Many believed this would be the year that a Western team finally won the League of Legends World Championship, but it wasn't meant to be. China-based FPX beat European-based G2 in Paris to claim the $1 million prize.

The backdrop: "A European team hasn't won finals since 2011, which wasn't a truly global event," writes WashPost's Matt Vella. "In the years following, Korean teams dominated — until 2018 when a Chinese team took the top spot."

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