Hacksaw is heading for the public markets. The iGaming game and platform supplier has officially set its sights on a Nasdaq Stockholm listing. After a standout financial year, the Hacksaw IPO Nasdaq move looks to tap into new investor interest.

  • The company plans to list during the second quarter of 2025, pending final approvals. The IPO will involve existing shares sold by early stakeholders, including founders and management. No new shares are being issued, meaning Hacksaw won’t raise fresh capital through the listing.

  • Hacksaw posted €137 million in revenue for 2024—more than twice the €67 million it reported the year before. It also kept EBIT margins steady at 84%, up slightly from 83% in 2023. This strong growth performance sits at the core of the Hacksaw IPO Nasdaq pitch.

  • CEO Christoffer Källberg said, “We have established ourselves as a trusted partner to online casinos globally. A listing will help us take the next step in building long-term value.” He highlighted the company’s tech-driven approach and customer focus.

  • The listing will broaden the shareholder base and offer liquidity for current owners. The aim is also to boost visibility in the Swedish and international markets. Nasdaq Stockholm has cleared Hacksaw to proceed, subject to standard conditions like distribution requirements.

  • Hacksaw runs its own Remote Gaming Server (RGS) platform, powering both its games and those of third-party studios. The platform, called OpenRGS, supports fast deployment and allows tweaks to meet local rules. This flexibility is key to its global expansion strategy.

  • Its tech stack supports game development, updates, and wide-scale distribution across regulated markets. Hacksaw works directly with iGaming operators and aggregators, giving it reach across the full B2B value chain. Its systems are designed to handle rapid regulatory shifts.

  • The company is aiming for annual revenue growth of 30% or more, while keeping EBIT margins over 80%. The board has also committed to returning 75% of net profits through dividends or share buy-backs. That capital allocation policy will kick in post-IPO.

  • The offer will be open to retail investors in the Nordic region and institutional buyers in Europe and the U.S., under standard securities law exemptions. A detailed prospectus will be released before the Hacksaw IPO Nasdaq listing goes live.

  • Citigroup, DNB Carnegie, and Jefferies are running the books as global coordinators. Berenberg is on board as an additional bookrunner. Legal advisors include Baker McKenzie for Hacksaw and Linklaters for the underwriters.

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