Hacksaw is now live on Nasdaq Stockholm. The Hacksaw Nasdaq listing marks a major step for the iGaming supplier. The €2bn valuation puts the company firmly in the spotlight.

  • Trading in Hacksaw shares officially started on 25 June 2025 under the ticker “HACK” on Nasdaq Stockholm. The initial public offering (IPO) was oversubscribed several times, drawing strong demand from both global institutions and retail investors across Sweden, Denmark, Finland, and Norway. Hacksaw Nasdaq listing resulted in more than 16,000 new shareholders joining the company.

  • The offer price was set at SEK 77 per share, translating to a full company valuation of around SEK 22 billion (approx. €2bn). A total of 43.5 million existing shares were sold, with no new shares issued, meaning the company itself did not receive proceeds. If the over-allotment option is fully exercised, the total number of shares offered will reach 50 million, equal to 17.3% of all shares post-IPO.

  • The IPO raised approximately SEK 3.35bn (€306m), or up to SEK 3.85bn (€352m) if the over-allotment is used. The over-allotment option covers up to 6.5 million additional existing shares and may be exercised within 30 days. The value of this option is estimated at SEK 502m (€46m) based on the offer price.

  • All major shareholders are subject to lock-up agreements post-listing. Those with over 4% ownership before the IPO are locked in for 360 days. Those with less than 4% ownership are subject to a 180-day lock-up.

  • Christoffer Källberg, Group CEO of Hacksaw, said: “The listing on Nasdaq Stockholm is an exciting milestone in Hacksaw’s journey… and strengthens our company for continued growth.”

  • Stabilisation activities may take place for up to 30 days following the start of trading. DNB Carnegie, acting on behalf of the joint bookrunners, is responsible for these market actions. However, there is no guarantee that stabilisation measures will be used.

  • Hacksaw operates as a full-stack B2B iGaming provider, offering both game development and distribution. Its proprietary RGS platform enables modular game creation and rapid delivery. The platform allows swift compliance updates to match local regulations.

  • The RGS is also licensed to external studios under the OpenRGS™ model. This lets third-party developers use Hacksaw’s tech infrastructure to build and distribute their own titles. Hacksaw’s distribution network reaches a wide global customer base of aggregators and operators.

  • The IPO was managed by Citigroup, DNB Carnegie, Jefferies, and Berenberg, with legal advice from Baker McKenzie and Linklaters. Hacksaw Nasdaq listing positions the company for broader investor visibility and growth in regulated markets.

Please find more news here.