Initial public offerings (IPO)

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.

NYSE proposes allowing companies to raise capital in direct listings

Illustration of a gold bull under spotlight
Illustration: Lazaro Gamio/Axios

The New York Stock Exchange yesterday laid the formal groundwork for letting companies raise capital as part of direct listings.

Why it matters: This could upend the traditional IPO market, which has relied on Wall Street banks to set pricing terms.