Hacksaw AB, the parent company of prominent iGaming content supplier Hacksaw Gaming, has formally initiated its Initial Public Offering (IPO) on Nasdaq Stockholm.
As detailed in its recently published report, the company’s shareholders aim to raise up to €351.1 million through the offering of up to 50 million shares, each priced at SEK77 (€7.02).
This strategic move targets an approximate €2 billion valuation for the iGaming supplier, with roughly 15% of its total shares being made available for public trading.
This IPO follows Hacksaw Gaming’s earlier announcement of its intention to list, a decision primarily driven by the objective to provide a liquidity event for existing shareholders.
While the sale consists exclusively of existing shares, meaning Hacksaw itself will not receive any direct proceeds from the offering, the initiative is expected to significantly boost the company’s investor base and elevate its market visibility.
The offering period for Hacksaw commenced today, with trading on Nasdaq Stockholm expected to begin on June 25, 2025. Hacksaw’s Board of Directors and management emphasize that the IPO represents a logical and crucial step in the company’s ongoing development.
They highlight several anticipated benefits, including expanding the shareholder base, gaining access to both Swedish and international capital markets, supporting continued growth and development initiatives, and enhancing Hacksaw’s brand awareness among customers and industry stakeholders.
Additionally, the offering provides a mechanism for selling shareholders to liquidate a portion of their holdings, thereby establishing a public market for the company’s stock.
The report underscores Hacksaw’s robust financial performance, reporting €137.1 million in revenue for 2024. This figure represents a substantial 104% increase from 2023 and a remarkable 328% rise compared to 2022.
The company’s strong momentum has continued into the first quarter of 2025, with revenues reaching €45 million, up from €26.3 million in Q1 2024.
These impressive results led to a post-tax profit of €109.4 million in 2024 and €30.1 million in Q1 2025, demonstrating Hacksaw Gaming’s consistent profitability and sustained growth trajectory as it enters the public market.
