Alliance MMA Inc., a mixed martial arts organization offering a developmental league for aspiring mixed martial arts fighters, completed the initial public offering (IPO) of its common shares. The company’s common stock began trading on the NASDAQ Capital Market, under the ticker symbol “AMMA”.
“We believe MMA is the world’s fastest growing sport with worldwide fans of approximately 300 million, and are delighted to be a feeder organization to the sport’s highest level of professional competition,” said Paul K. Danner, chairman and CEO, Alliance MMA Inc. “We look at ourselves as the complementary minor league to The Ultimate Fighting Championship (UFC), Bellator MMA, World Series of Fighting and other prestigious MMA promotions worldwide.”
Alliance MMA Inc. was incorporated in 2015 for the purpose of acquiring businesses that engage in the promotion of mixed martial arts (MMA) events. The company has acquired seven companies including five MMA promotion companies, a digital media sports platform and an electronic ticketing platform optimized for marketing MMA events, including Cage Fury Fighting Championship, Combat Games MMA (COGA), Hoosier Fight Club (HFC), V3 Fights, Shogun Fights and others.
The company started trading with an opening price of $4.50, making it the only public entity in the MMA space, according to the group.