Key Takeaways: FaZe Clan is a professional eSports team that went public on the 20th of July after completing a $725 million SPAC. This means that investors can now buy FaZe Holding Inc stocks (NASDAQ: FAZE) on popular online brokerage platforms.
If you are looking to get started quickly, we recommend the eToro broker because they offer zero trading fees to buy and sell FaZe Stocks.
How to Buy FaZe Clan Stocks
If you are interested in investing in FaZe Stocks (FaZe Holdings Inc), there are a few things you will need to know first. Here is our short guide on how to buy FaZe (NASDAQ: FAZE) stocks with a brokerage platform in the United States:
- Find a reputable online broker. Make sure the broker is registered with the U.S. Securities and Exchange Commission (SEC) and that they offer FaZe stocks. We recommend eToro.
- Research the FaZe stock. Review the company's financial statements and read analyst reports to get a better understanding of the stock.
- Determine how many shares you want to purchase. Consider your investment goals and risk tolerance when making this decision.
- Place your order with the broker. Once you've decided how many shares you want to buy, your broker will execute the trade.
- Monitor your investment. Keep an eye on the stock price and company news to help you make decisions about when to sell your FaZe stocks.
FaZe Stock SPAC and IPO
FaZe Clan officially went public through a SPAC merger with B.Riler Principal 150 Corp on the 20th of July in 2022. The FaZe SPAC deal was valued at $725 million, which was lower than the initial $1 billion valuation when the IPO details were announced in October of 2021.
This means that anyone can now buy FaZe Holding Inc stock on popular online brokerages like Robinhood, ETRADE or eToro. Prior to the SPAC deal, only accredited investors were able to invest in FaZe Clan through a $50 million Series C funding round.
FaZe Clan Stock Price
The chart below is the live FaZe Clan stock price in US Dollars (USD).
What is a SPAC?
SPAC stands for Special Purpose Acquisition Company. A SPAC is a shell company that raises money through an IPO with the intention of using that money to acquire another company. SPACs have become a popular way for companies to go public in recent years because they are generally faster and cheaper than a traditional IPO.
FaZe Clan Business Model
FaZe Clan generates revenue through a variety of different sources, including tournaments, sponsorships, merchandise sales and content creation.
- Tournaments: FaZe Clan competes in various eSports tournaments around the world. They have teams that compete in games like Counter Strike: Global Offensive (CS:GO), Call of Duty and Fortnite. The prize money from these tournaments can be substantial, with the CS:GO Major tournaments often awarding over $10 million to the winning team.
- Sponsorships: FaZe Clan has partnerships with some of the biggest brands in the world, including Nissan, Red Bull and GFuel. These sponsorships help to cover the costs of operating an eSports team and provide a steady stream of revenue.
- Merchandise Sales: FaZe Clan sells a variety of merchandise on their website, including t-shirts, hoodies, hats and other apparel. They also sell gaming accessories like controllers and headsets.
- Content Creation: In addition to producing their own content, FaZe Clan also has partnerships with major platforms like YouTube and Twitch. These partnerships help to generate revenue through advertising and subscription fees.
About FaZe Clan
FaZe Clan is a professional esports organization headquartered in Los Angeles, California. The organization was founded on May 30th, 2010, by former professional Call of Duty players Housecat (now known as FaZe Temperrr), ClipZ, and resistance. Ever since its inception, FaZe Clan has been one of the most successful and well-known organizations in the competitive Call of Duty scene.
The organization has fielded players in every CoD title since 2010, and has won numerous championships across various games. In recent years, FaZe Clan has expanded its reach into other esports titles such as CS:GO, Fortnite, Apex Legends, PlayerUnknown's Battlegrounds, Rainbow Six Siege, and more.
FaZe Clan houses some of the most popular content creators and influencers on YouTube and Twitch, including FaZe Banks, FaZe Rug, FaZe Apex, and many others. The organization also has a strong social media presence, with over 30 million followers across all platforms.