iGaming content provider Hacksaw Gaming announced that it will launch its initial public offering (IPO) on the Nasdaq Stockholm Exchange in Sweden on June 25, 2025, planning to publicly issue 15% of the company's shares, valued at approximately 3.48 billion Swedish Krona (about 350 million USD).
According to the announcement, this IPO will involve about 43.5 million existing shares, representing 15% of the company's total shares, with a share price set at 77 Krona, implying a total company valuation of about 22 billion Krona. Additionally, Hacksaw has set an "over-allotment option," allowing the release of an additional 6.5 million shares if market demand is strong, potentially increasing the IPO size to 50 million shares, representing 17.3% of total shares, with an overall valuation reaching 38.5 billion Krona.
This listing has been approved by the Swedish Financial Supervisory Authority, however, this public offering is only open to residents of the four Nordic countries (Sweden, Denmark, Finland, and Norway).
Hacksaw Gaming has previously made arrangements in expanding into compliant markets: in December 2023, it obtained a Danish regulatory license, officially entering the Danish market; in the fourth quarter of 2024, the company also reached a cooperation agreement with Sky Betting and Gaming, with its iGaming products set to launch on that platform.
However, the company also faced regulatory issues this year as two operators provided its content without a license, resulting in a fine of 20,000 Swedish Krona in April. This IPO could be seen as an important part of its strategy to reshape its brand and expand its capital strength.
