Lee Trink

FaZe Clan, the esports collective and youth culture brand that’s received investment from an array of heavy hitters in the music business, went public on the Nasdaq exchange Wednesday (July 20). The listing follows the completion of FaZe Clan’s special purpose acquisition company (SPAC) merger with 150 Merger Corp., an affiliate of B. Riley Financial. The combined company has been renamed FaZe Holding and will trade under the ticker symbol FAZE. On its first day, the stock finished down more than 24% to $9.88 after debuting with a share price of $13.07. It’s rebounded slightly to $10.19 in after-hours trading. With a fan network of roughly 500 million across social platforms, according to the company, FaZe Clan has drawn a number of high-profile investors from the music industry, including...