OTK IPO: Is One True King made by Twitch streamers going public?

3 min read | September 22, 2021 09:17 AM EDT | By Raza Naqvi

OTK IPO: Is One True King made by Twitch streamers going public? — Image source: © Vlado85 | Megapixl.com

What is One True King?

As online gaming has become mainstream and people are taking it up as a full-time profession, a lot of gaming and entertainment companies have surfaced over the years. Last year, five popular Twitch streamers came up with the idea of starting One True King as a gaming and entertainment company.

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Today, the gaming network has over 229,000 followers on Twitter and 234,000 subscribers on YouTube. Twitch streamers Mizkif, Asmongold, Rich Campbell, Tips Out, and Esfand had teamed up to start this organization with an emphasis on friendship.

According to the description by its founders, One True King is a lifestyle brand and media production company, and it is not limited to one particular game or section. It is not backed by corporations, unlike many traditional esports teams.

OTK IPO rumors have caught the attention of potential investors across North America.

Is One True King going public?

Although the gaming network is becoming popular across the world, it seems that the initial public offering plans of One True Gaming are fake. The Twitter user named '@lochiqf' has sparked off an investor interest through a fake post made under the name of a popular media organization.

The post claims that the gaming network is planning for a public debut at the Nasdaq Stock Market and it could value US$ 20.7 billion at the time of the offering of the common shares. However, a search indicated that the media organization has not published any such article, nor has One True King has claimed anywhere that it has plans to go public.

Bottom line

At the moment, investors cannot buy shares of One True Gaming as it is a private organization and has not listed its shares anywhere in the world.

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Potential investors will have to wait for the OTK IPO and buy shares if the gaming organization makes its shares available to the public.

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