Hacksaw Gaming, a rapidly expanding innovator in the online gaming industry, has announced plans to go public, aiming to capitalize on sustained growth and increasing market demand. The company’s strategic move comes as it continues to gain significant traction with its portfolio of popular gaming solutions, positioning itself for accelerated expansion and broader investor engagement in the competitive iGaming landscape
In a landmark move underscoring its growing global ambitions, Hacksaw Gaming has officially announced plans to go public on Nasdaq Stockholm. This step marks a major milestone for one of Europe’s fastest-rising iGaming technology innovators. With a rapidly expanding international footprint and a proven track record of success, Hacksaw is positioning itself as a compelling investment opportunity, poised to build on its strong momentum.
An Inevitable Next Chapter: The IPO
The company’s Board of Directors revealed today that the IPO follows a standout year for Hacksaw Gaming. The firm posted a remarkable €137 million ($156.32 million) in revenue for 2024 – more than doubling its 2023 performance. Even more impressive, the EBIT margin held steady at an exceptional 84%, highlighting Hacksaw’s effective business model and exceptional scalability.
Unlike many tech companies entering the public markets, Hacksaw is approaching its IPO from a position of pronounced strength. While global IPO activity has declined by approximately 35% compared to 2024, Hacksaw’s robust financials and upward trajectory place it in a prime position to navigate challenging macroeconomic conditions and capitalize on its sustained growth.
“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 statement
The upcoming offering will consist exclusively of existing shares sold by founders, executives, and employees. This strategy aims to create a vibrant, liquid market for Hacksaw shares, enhancing their appeal to investors. Shares will be available to retail investors in Sweden, Denmark, Finland, and Norway, with institutional investors in Sweden and internationally also invited to participate.
Unlocking New Growth Potential Through Going Public
Originating as a nimble and adaptable B2B game studio, Hacksaw Gaming has swiftly evolved into a comprehensive Remote Gaming Server (RGS) platform and content supplier. Today, it covers the full B2B spectrum – from concept development right through to delivery and distribution – establishing itself as a trusted partner for leading gambling operators worldwide.
This year alone, Hacksaw has sealed key partnerships: in January with the UK’s LiveScore Group, by May with Daznbet fueling its aggressive expansion into the Italian market, followed by a significant content agreement with Casino Luzern in Switzerland – a testament to the company’s ability to thrive in highly regulated, brand-conscious markets.
If the IPO moves forward as scheduled, Hacksaw Gaming will join a select cadre of publicly traded iGaming tech firms across Europe. This offering reflects the company’s ambition to elevate its public profile, enhance strategic agility, and maintain its growth trajectory in an increasingly competitive landscape. The IPO is expected to finalize this month, with additional details anticipated soon.
