- One True King (OTK) is a gaming network created by the content creators on the Amazon-owned live-streaming platform Twitch.
- The OTK IPO has caught the attention of potential investors after a Twitter account claimed that the gaming organization was going public.
- OTK is a lifestyle brand and media production company, and it is not limited to one particular game or section.
A single tweet has taken social media by storm and has left potential investors wondering about a OTK IPO. One True King, a gaming organization created by some of the biggest content creators in the world, was trending across North America after rumors surfaced that it was planning to go public in the US stock market.
One True King (OTK) was created by the content creators on the Amazon-owned live-streaming platform Twitch. It was established in October 2020 and the Texas-based gaming organization primarily focuses on creating gaming content.
OTK has previously competed professionally in World of Warcraft, one of the most popular multiplayer online role-playing games in the world.
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.
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.
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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.
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.
Potential investors will have to wait for the OTK IPO and buy shares if the gaming organization makes its shares available to the public.