The company’s newest announcement confirmed previous IPO rumors and should help it maintain its position as a leading online casino content developer
In a pivotal move signaling its increasing international ambitions, Hacksaw Gaming has officially confirmed its intentions to go public on Nasdaq Stockholm, marking a significant milestone for one of Europe’s fastest-growing iGaming technology firms. The company’s expanding worldwide presence and history of success should make it an attractive investment opportunity, bolstering its momentum.
The IPO Is a Natural Next Step for Hacksaw
The decision, announced today by the company’s Board of Directors, comes on the heels of a record-breaking year. Hacksaw Gaming achieved revenue of €137 million ($156.32 million) in 2024, more than doubling its 2023 financial results. EBIT margin performed just as impressively, remaining steady at 84%. These figures underline the company’s successful business model and efficient scaling strategy.
In contrast to many aspiring tech companies, Hacksaw goes into this IPO from a position of strength. While global IPO activity has decreased by roughly 35% from 2024 levels, Hacksaw’s financials and trajectory should allow it to endure challenging macroeconomic conditions and capitalize on its enduring momentum to deliver lasting value.
“Hacksaw’s Board of Directors and management consider the IPO on Nasdaq Stockholm to be a logical and important step in Hacksaw’s development.”
Hacksaw Gaming’s official announcement
The planned offering will consist solely of existing shares offered by founders, executives, and employees. This approach should help create a liquid market for the company’s shares, making it a more attractive investment opportunity. Shares will be offered to retail investors in Sweden, Denmark, Finland, and Norway, as well as institutional investors in Sweden and abroad.
Going Public Should Create Exciting New Opportunities
Founded as a flexible and adaptable B2B studio, Hacksaw Gaming has quickly grown into an international Remote Gaming Server (RGS) platform and games supplier. It now operates across the complete B2B value chain, from concept creation right through to content delivery and distribution. The company has also become a go-to partner for high-profile gambling operators worldwide.
In January, Hacksaw struck a deal with LiveScore Group in the UK. By May, it had partnered with Daznbet with an aggressive push into the Italian market. These achievements were followed by a new content agreement with Casino Luzern in Switzerland, an impressive feat in a highly regulated and brand-sensitive jurisdiction.
If the IPO proceeds as planned, Hacksaw Gaming will join an elite group of publicly traded iGaming tech firms in Europe. This public offering aligns with the company’s ambitions to enhance its public profile, gain strategic flexibility, and retain its momentum in an increasingly competitive environment. Hacksaw should complete the IPO this month and will likely unveil more details in the coming weeks.
