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Hacksaw Gaming is moving ahead with plans to go public in Sweden. The company could raise up to SEK3.35 billion ($352.6 million) through its listing on Nasdaq Stockholm, based on strong investor interest in its growing gaming business.
Good to know
IPO involves up to 50 million existing shares at SEK77 each.
Offer is open only to buyers in Sweden, Norway, Denmark, and Finland.
Nasdaq Stockholm debut planned for June 25 under the ticker HACK.
Hacksaw Gaming, a developer of online slot and instant win games, has confirmed plans to list on Sweden’s Nasdaq exchange through an offering of existing shares. The IPO does not include newly issued stock, but the proceeds will support the company’s expansion strategy.
The base offer includes 43,478,293 shares—around 15% of total ownership. An additional 6,521,707 shares are available under an over-allotment option, raising the total potential offer to 50 million shares. If fully subscribed, Hacksaw would release about 17.3% of its ownership.
Each share is priced at SEK77. Based on full subscription, the offering could bring in SEK3.50 billion, putting the company’s total value near SEK22 billion.
The application period opened on Tuesday and runs until market close on June 24. Only investors in Sweden, Denmark, Finland, and Norway can take part. If all goes to plan, Hacksaw will start trading on Nasdaq Stockholm on June 25 using the ticker HACK.
Group CEO Christoffer Källberg commented on the milestone: “With the publishing of the prospectus, we take another important step towards an IPO of Hacksaw. We have seen very positive interest from investors that value our technology-driven offering, scalable business model and strong financial track record. We are excited to welcome new investors to Hacksaw.”
Founded in 2018, Hacksaw Gaming operates a proprietary RGS platform and has built a portfolio of slots and instant win games. The company has launched titles across several European markets, including Finland and Italy, and has entered the U.S. through New Jersey.
While still young, Hacksaw has gained attention for its rapid rollout strategy and its focus on scalable game development, appealing to investors looking for exposure to the growing iGaming sector.
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