Hacksaw Gaming announces SEK 3.48bn IPO
The supplier is set to float 15% of its stock on Nasdaq Stockholm.
Key points:
– Hacksaw Gaming has announced an IPO commencing on 25 June
– This move will see 15% of the company’s valuation go live on the Swedish Stock Exchange
– The offering is valued at approximately SEK 3.48bn
Hacksaw Gaming has announced its intention to commence an initial public offering (IPO) of 15% of its shares for public purchase via the Swedish Stock Exchange (Nasdaq Stockholm) on the 25 June 2025.
The issuing of almost 43.5 million existing Hacksaw Gaming shares, approved by the Swedish Financial Supervisory Authority and comprising 15% of the company, has been valued at approximately SEK 3.48bn ($350m) and comes as part of a wider initiative to raise additional capital.
Further, should the IPO generate significant traffic there is a ‘over-allotment option’ which will – if fully utlised – allow for the trading of an additional 6.5 million shares, bringing the total up to 50 million shares, equivalent to 17.3% of the organisation and valued at SEK 3.85bn. Per share, Hacksaw has specified a price of SEK 77, equivalent to an overall company valuation of SEK 22bn.
Indeed, this latest development comes following a recent regulatory discrepancy which saw Hacksaw pay a penalty fee of SEK 20,000 in April, following the discovery of two operators providing Hacksaw Studios without a licence.
Good to know: This IPO will only be open to residents from Denmark, Finland, Sweden or Norway
Prior to this, the company also entered the regulated Danish market in December, obtaining a licence from the nation’s regulator.
Also during Q4 2024, Hacksaw gaming also announced a new partnership with Sky Betting and Gaming which saw a range of the supplier’s iGaming content distributed via the operator’s platform.
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