HK Pop Star-Backed Esports Firm NIP Group Files for US IPO (1)

NIP Group Inc., an esports company that counts Hong Kong singer Jackson Wang among its backers, has filed for an initial public offering in the US.

The Sweden-headquartered company’s largest shareholders also include co-founder Mario Ho, who has a 14.2% stake prior to the offering, according to a filing Wednesday with the US Securities and Exchange Commission. Ho is the youngest son of the late casino mogul Stanley Ho.

NIP Group comprises Sweden’s Ninjas In Pyjamas and China’s ESV5, teams that compete professionally in hit titles including League of Legends and Honor of Kings. The two organizations merged in 2023, ...