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Parent company of JianHao Tan's Titan Digital Media gets listed on Nasdaq
The parent company, GCL Global Holdings, was valued at S$1.6 billion.
February 16, 2025, 12:21 PM
Singaporean YouTuber Jianhao Tan shared a proud moment as Titan Digital Media's parent company GCL Global Holdings was listed on the Nasdaq on Feb. 14.
Surreal
Tan shared in a social media post that the moment was surreal, thanking the company and their partners for the hard work “over the past few years”.
He called it an amazing achievement, saying that there was much more to come.
Ring that bell
Public listing is seen to be a momentous occasion for all companies and is often accompanied by the image of company leaders ringing a bell.
The Nasdaq, often touted as the second largest stock exchange in the world, accomplishes this with a touchscreen “bell”, which was pressed by GCL’s group CEO Sebastian Toke.
Tan formed the company that would become Titan Digital Media in 2014, and would eventually gain backing from Grand Centrex Limited (GCL) according to Vulcan Post.
GCL announced in 2023 that it would merge with RF Acquisition Corp (RFAC), a special purpose acquisition company (SPAC).
A SPAC is a company set up to raise money from investors via an initial public offering, who will then seek a company to invest in.
In this case, the company is the Singapore-based GCL.
This allows GCL to be listed on the Nasdaq in what amounts to a fast-tracked IPO process.
The 2023 deal with RFAC values GCL at US$1.2 billion (S$1.61 billion), and GCL was “strategically chosen” for its growth potential, particularly in the gaming industry.
It joins other Singaporean companies that have explored or used the SPAC route to get listed, such as Grab and Carousell.
Resonate worldwide
Tan’s Titan Digital Media was initially started to foster “the next generation of creators”, and has expanded from content creation into game development.
Tan said that his company was actively working on several new games and exploring ways to expand.
He was quoted by Vulcan Post as saying that GCL’s listing on the Nasdaq will help “fuel these ambitions”, and to compete on a global scale and “create gaming experiences that resonate worldwide”.
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Top image via thejianhaotan/Instagram
