Hacksaw AB Sets IPO Date as Shareholders Target €351 Million Raise
iGaming provider Hacksaw AB is moving forward with its plans to go public. The company has officially published its IPO prospectus, revealing that existing shareholders aim to raise up to €351.1 million by offering 50 million shares on Nasdaq Stockholm. Trading is expected to begin on June 25.
Shareholders to Sell Up to 50 Million Shares
Hacksaw AB’s IPO will consist entirely of existing shares, meaning the company itself will not raise new capital from the offering. According to the prospectus, shareholders plan to offer up to 50 million shares at a price of SEK77 (approximately $7.55) per share. The offer could generate around €351.1 million ($378 million), depending on the level of investor participation.
Commenting on the announcement, Hacksaw AB CEO Christoffer Källberg stated that the publication of the prospectus marks “another important step” toward the company’s IPO. He highlighted that the offering has received “a lot of positive interest from investors who value its technology-driven offering, scalable business model, and strong financial track record.” The board and management describe the IPO as a natural progression in the company’s long-term development.
Timeline for the Offering and Trading
The offering period is scheduled to begin on June 16. If all goes according to plan, Hacksaw AB shares will begin trading on Nasdaq Stockholm on June 25. This marks a key development for the supplier, following earlier confirmation of its intention to list on the exchange. The IPO comes after months of speculation surrounding the company’s plans to go public.