Skip to content
Technology
Deals

Qatar-Backed Martial Arts Firm Group One Eyeing US IPO, Sources Say

  • Group One to redomicile to Cayman Islands from Singapore base
  • Firm shifts focus to conventional IPO instead of SPAC listing
Spectators watch a bout during The One: Kings & Conquerors event at the Venetian Macao in Macau

Spectators watch a bout during The One: Kings & Conquerors event at the Venetian Macao in Macau

Photographer: Billy H.C. Kwok/Bloomberg
Updated on

Group One Holdings, the company behind mixed martial arts brand One Championship, is considering a US initial public offering after previously exploring a listing via a blank-check firm, according to people familiar with the matter.

Group One is changing its legal domicile to the Cayman Islands from its current one in Singapore as a step towards a potential US listing, the people said, asking not to be identified because the matter is private. The company plans to notify the Accounting and Corporate Regulatory Authority, the Singaporean regulator, as early as Monday, the people said.