DRX to file preliminary SGX listing review in mid‑August

DRX, the South Korean esports organisation best known for its League of Legends, VALORANT and Tekken teams, plans to file a preliminary listing review with the Singapore Exchange (SGX) in mid‑August. The company has appointed an undisclosed Singapore‑based financial firm as lead underwriter and is currently undergoing an earlier review stage with the exchange.

The appointed underwriter will manage the proposed share sale and guide DRX through SGX listing requirements. DRX is receiving advisory support from securities firms in South Korea. Company officials have not released the name of the lead underwriter, an intended valuation, the size of any initial public offering or the number of new shares that would be issued. Those details are expected to be finalised after the exchange completes its preliminary review.

DRX intends to submit the formal preliminary review application in mid‑August following the current assessment. The organisation has not provided a public timetable for subsequent steps such as a full prospectus filing or an offering timetable. DRX did not respond to requests for comment.

ATU Partners holds the majority stake in DRX and manages the holding through ATU eSports Growth Fund No. 1, an investment vehicle focused on esports opportunities in Asia. DRX previously pursued a planned listing on South Korea’s KOSDAQ, announcing intentions in September 2022 with a South Korean bank as lead underwriter; that effort did not proceed.

Company financial statements show revenue rising while reported profits declined sharply in 2025. In March 2026 DRX signed a sponsorship agreement with Seoul‑based Kiwoom Securities.

If approved, a Singapore listing would place DRX among esports clubs that have sought public listings outside their home markets. The final valuation and capital‑raising plans will be set after SGX completes its preliminary review and DRX and its underwriter determine the offering structure and timing.