Last Tuesday, the stock price of Betta fell to a low of 7.84 US dollars since its listing on July 17, but then it started to rebound.
Editor’s note: This article is from WeChat public account “IPO knows it” (ID: Ipozaozhidao), author Shi Yuanjing.
According to the IPO, I knew that the stock price of Betta fell to the lowest point of 7.84 US dollars since the listing on July 17, but then started to rebound. This morning’s closing price was $9.93, which has continued to rise for a week, with a cumulative increase of 26.7%.
The betta fish issuance price is $11.5 and has fallen by 13.7% so far. Although a series of macroeconomic events in the past few weeks have caused the overall market to be more worried, from the perspective of fighting fish itself, it is still the most noteworthy new listing in this year.
01 The live broadcast industry is still a high-speed track, and the future may be three-legged
Despite the poor performance of the secondary market, the large increase in the number of institutional investors and the strong investor lineup (Tencent, Sequoia Capital, Shenzhen Venture Capital, Nanshan Capital, Phoenix Investment, etc.) still illustrate the capital The market recognizes the future development of fighting fish and the value of long-term investment.
As an industry head game live broadcast platform company, the current live broadcast industry is still growing rapidly. It is a high-speed track, and the betta fish is sought after by high-quality capital.
In terms of industry size, The game live broadcast market is expected to maintain a 20-25% compound growth rate in the next 5 years, and the market size is expected to reach 24 billion in 2020. The number of game live users increased by 18.2% year-on-year in 2018, and the number of users is expected to reach 340 million in 2020. Among them, the income from the live broadcast of competitive games accounted for 47.7% of the live broadcast platform revenue from 50.3% in 2018. According to iResearch, its share will further increase to 59.8% in 2023. The continued fierceness of the upstream e-sports industry will continue to drive the demand for e-sports and e-sports content in the live broadcast platform.
From the market share analysis, since the panda live broadcast in March this year, the market head effect is more obvious, the main esports live broadcast of the betta