Alliance MMA Listed On NASDAQ Stock Exchange, Starting Today
Alliance MMA today becomes the "first mixed martial arts company to be listed on a U.S. exchange," appearing in the NASDAQ. The N.Y.-based company in its SEC filing said that it "will use the proceeds to roll up 15 to 20 regional MMA organizations that will serve as a super minor league, of sorts, that hopes to funnel fights into the UFC." Alliance hopes to net $10M, excluding fees. Its shares are priced at $4.50, and it will open trading with a $40M market cap (N.Y. POST, 10/6).