EANS-News: XB Systems plans new M&A after its Listing on the Vienna Stock Exchange
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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
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Mergers - Acquisitions - Takeovers
Frankfurt am Main - After XB Systems AG was successfully listed on the Vienna
Stock Exchange (Wiener Boerse) on March 18, 2021, the company announced that it
is now looking at mergers and acquisitions in other esports companies to make
the company offering even more expansive. The company plans to fund this merger
and acquisition spree through a combination of cash and allocated stock. In
terms of its core products, XB Systems AG is constantly upgrading its offering
of betting data through its technology provider UltraPlay. Moreover, the company
gained a great traction of new players joining BUFF.bet on a daily basis due to
the latest sensation in the esports space - Valorant. XB Systems is offering the
widest coverage of live and pre-match odds on Valorant through its betting brand
BUFF.bet as well as 24/7 engaging content on its media aggregator BUFFHUB.
Esports is attracting the next generation of bettors, and Valorant's betting
options are giving a great advantage to XB Systems AG to the market's demands
and needs at the moment.
"We are pleased with our debut on the stock market, which recorded a great
interest during the last few days. With our BUFF.bet brand, we offer a wide
range of live and pre-match betting for esports fans. Now, we are considering a
few new innovative companies in the space in order to expand to new markets and
boost our esports offering further. We are convinced that esports will retain a
firm place in the betting business and beyond", commented Daniel Miller, CEO of
XB Systems AG.
"With direct market plus, the Vienna Stock Exchange offers the ideal platform
for medium sized and fast growing companies of any industry. A listing boosts
visibility and facilitates access to new investors. Existing shareholders
benefit from the option to buy and sell shares any time. Our well-known trading
system connects companies to trading members across Europe. Once established,
the capital market can be used for future transactions" says Henriette Lininger,
Head of Issuers at the Vienna Stock Exchange.
The company's 6,336,923 issued shares began trading with an opening price of EUR
6 per share. The shares are listed on Direct Market Plus under the symbol "XBS".
The Frankfurt-based company can be traded continuously from 8:55 a.m. to 5:45
p.m. Baader Bank provides additional liquidity to support trading as a market
maker. About 26% of the shares are in free float, according to the company.
XB Systems AG has been a leader in the esports betting space since 2017 with its
brands BUFF.bet for esports wagering and BUFFHUB for esports content. The team
is derived from industry veterans in the esports and gaming sectors. Moreover,
BUFF.bet is at the forefront of esports wagering also due to its custom-built
platform developed by market-leading data and software iGaming provider
UltraPlay.
Exclusion of Liability
This press release may contain certain forward-looking statements and forecasts
that are based on assumptions current made at the time of publication of this
press release. We do not assume any liability for these forward-looking
statements materializing. Furthermore, we would like to explicitly point out
that this press release cannot serve as a basis for investment decisions and may
not be construed as a solicitation to buy or a recommendation to invest by XB
Systems AG. No liability is assumed for the information given in this press
release.
About XB Systems AG:
XB Systems AG is a design, engineering, and media company specializing in
software development and esports. The company was founded in 2016 to offer users
state-of-the-art esports B2C solutions driven by analytics, data, and facts.
With a passionate team of operational specialists, XB Systems AG is dedicated to
achieving excellence for its customers and users alike. Learn more about the
company here: www.xb.systems [http://www.xb.systems/]
Further inquiry note:
press@xb.systems
+49 251 981156 7552
end of announcement euro adhoc
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issuer: XB SYSTEMS AG
Eschersheimer Landstrasse 42
D-60322 Frankfurt am Main
phone: +49 251 981156 7552
FAX:
mail: info@xb.systems
WWW: https://xb.systems/
ISIN: DE000A3H3LX7
indexes:
stockmarkets: Wien
language: English
