Hacksaw Plans IPO on Nasdaq Stockholm
Hacksaw AB, a gaming platform and game provider for the global iGaming industry, has announced its intention to go public on Nasdaq Stockholm. The initial public offering (IPO), expected to be completed in the second quarter of 2025 subject to market conditions, will consist solely of existing shares offered by current shareholders.
Significant Year-On-Year Growth
Hacksaw reported a 105% increase in annual revenue, reaching approximately EUR 137 million in 2024, compared to EUR 67 million in 2023. The company also maintained a high EBIT margin, slightly increasing from 83% in 2023 to 84% in 2024. This performance reflects Hacksaw’s expansion across the full B2B value chain—from game development to distribution—serving online casino operators worldwide.
According to Hacksaw’s board and management, the IPO is intended to broaden the shareholder base, enhance the company’s visibility among clients and stakeholders, and facilitate access to both Swedish and international capital markets. It also offers current shareholders an opportunity to divest part of their holdings and support the creation of a liquid market for the company’s stock.
Approval from Nasdaq Stockholm Pending
Nasdaq Stockholm’s listing committee has concluded that Hacksaw meets the necessary listing requirements. Final approval is contingent upon the company submitting a formal application and meeting distribution requirements for its shares.
Leadership Commentary
Christoffer Källberg, Group CEO of Hacksaw, stated:
“I am delighted to announce our intention to list on Nasdaq Stockholm. We have established ourselves as a leading supplier to online casinos active on the global iGaming market thanks to our strong, technology-driven offering and capabilities that enable us to create the best possible experience for our customers. We look forward to continue building on our strong foundation and to deliver high-quality experiences and bring value to our customers.”
Patrick Svensk, Chairman of the Board, added:
“We have come a long way in meeting our objectives to establish Hacksaw as a leading B2B iGaming supplier, and we are in a great position for continued strong growth and profitability. On behalf of the board, I welcome new, additional shareholders to the Company, and together with our high-performing management team, our ambition is to create sustainable value for our existing and new shareholders.”