Mario Ho, the son of the son of Macau casino tycoon Stanley Ho, has just become the youngest Asian founder of a Nasdaq-listed company, following the initial public offering (IPO) of the NIP Group.
(PLGNN) - Mario Ho Yau-Kwan, the youngest son of the late Macau billionaire casino tycoon Stanley Ho, has become the youngest Asian founder of a Nasdaq-listed company after his esports firm, NIP Group got taken public on the Nasdaq stock exchange.
Mario Ho, who is 29 years old, has accomplished many impressive feats during his life so far. Between 2008 and 2013, he won the Hong Kong championship of the World Mathematics Open twice, and he has five gold medals from the National Mathematics Competition held in the United Kingdom (Source: asiaMarkets).
Ho attended university at the Massachusetts Institute of Technology, where he became the youngest finance graduate ever. He also undertook studies in MIT's Master of Finance Program, where he was again the youngest student in the program's history.
NIP, which stands for Ninjas in Pyjamas, is an esports group that competes in competitive video games such as League of Legends and Counter Strike: Global Offensive.
NIP Group, which achieved the milestone of being the first Chinese esports company to be listed on Nasdaq, raised a total of $20.25 million from its offering of 2.25 million American depositary shares at $9 per share.
According to the company's SEC filings, Ho holds 13.6% of the company's shares and controls 36.6% of the voting rights.
Ho and Hicham Chahine, 35, are co-CEOs of NIP Group. NIP is a Cayman Islands-based holding company, with operations being primarily conducted through two subsidiaries: Ninjas in Pyjamas, which is involved in esports operations, and Wuhan Xingjingweiwu Culture & Sports Development which is involved in esports teams, talent management, and event production operations (Source: South China Morning Post).
Chahine runs the company's Western operations in Sweden, and Ho, who lives in Hong Kong, runs the business in Asia.
(PLGNN) - Mario Ho Yau-Kwan, the youngest son of the late Macau billionaire casino tycoon Stanley Ho, has become the youngest Asian founder of a Nasdaq-listed company after his esports firm, NIP Group got taken public on the Nasdaq stock exchange.
Mario Ho, who is 29 years old, has accomplished many impressive feats during his life so far. Between 2008 and 2013, he won the Hong Kong championship of the World Mathematics Open twice, and he has five gold medals from the National Mathematics Competition held in the United Kingdom (Source: asiaMarkets).
Ho attended university at the Massachusetts Institute of Technology, where he became the youngest finance graduate ever. He also undertook studies in MIT's Master of Finance Program, where he was again the youngest student in the program's history.
NIP, which stands for Ninjas in Pyjamas, is an esports group that competes in competitive video games such as League of Legends and Counter Strike: Global Offensive.
NIP Group, which achieved the milestone of being the first Chinese esports company to be listed on Nasdaq, raised a total of $20.25 million from its offering of 2.25 million American depositary shares at $9 per share.
According to the company's SEC filings, Ho holds 13.6% of the company's shares and controls 36.6% of the voting rights.
Ho and Hicham Chahine, 35, are co-CEOs of NIP Group. NIP is a Cayman Islands-based holding company, with operations being primarily conducted through two subsidiaries: Ninjas in Pyjamas, which is involved in esports operations, and Wuhan Xingjingweiwu Culture & Sports Development which is involved in esports teams, talent management, and event production operations (Source: South China Morning Post).
Chahine runs the company's Western operations in Sweden, and Ho, who lives in Hong Kong, runs the business in Asia.
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