We are initiating coverage on NIP Group (NIPG). NIPG is a digital entertainment company serving the global gaming and esports community. Formed in 2023 through the merger of Sweden’s Ninjas in Pyjamas (NIP) and China’s ESV5, the company leverages decades of competitive gaming excellence alongside ventures in talent management, event production, game publishing, and hospitality. With operations in Sweden, China, Abu Dhabi, and Brazil, NIP Group competes in major tournaments across multiple game titles and has cultivated a global fan base of over 100 million, including fans of its athletes and entertainers by the end of 2024.
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