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21.07 / 16:17
UPS Extreme CEO FaZe Clan goes public and drops 25% in first day
The esports and lifestyle brand FaZe Clan has gone public on the Nasdaq, touting itself as a 'creator economy' company with an initial valuation of $725 million. This prompted an immediate selloff of FaZe stock, and a 25% plunge in its valuation on the first day.
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