Business of Sport Qatar wealth fund-backed Group One mulls US listing By Staff Writer August 16, 2022 Creative Commons The company behind mixed martial arts brand One Championship is changing its legal domicile to the Cayman Islands to proceed with the listing. Group One Holdings, backed by sovereign wealth fund Qatar Investment Authority (QIA), is planning an initial public offering (IPO) in the US, Bloomberg reported. The company behind mixed martial arts brand One Championship is changing its legal domicile to the Cayman Islands from Singapore as a step towards the listing. Earlier, the company had explored a listing via a blank-check firm, the news agency reported. In December 2021, the company raised $150 million in equity financing, led by QIA and Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners. The new investment will support its global growth strategy, which includes diversifying its content offerings and expanding outside Asia.