Qatar-backed Group One plans US IPO
Group One Holding, a Singapore-based company backed by Qatar’s wealth fund, Qatar Investment Authority (QIA), is considering a US initial public offering (IPO), reports say.
The company is reportedly changing its legal domicile to the Cayman Islands from Singapore as a step towards the listing.
Group One Holdings is Asia’s largest global sports media platform and parent company of One Championship and One Esports. In December 2021, it raised $150 million equity financing led by QIA and Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners.
Group One will use the funding from the December round to boost its growth strategy, including diversifying its content offerings and expanding outside Asia.