• Hacksaw Gaming confirms IPO plans, aiming to list on NASDAQ Stockholm
• The pivotal business move is expected to be completed by the end of June
• Hacksaw Gaming will only be selling shares by existing stakeholders, seeking to boost liquidity for said stakeholders

Hacksaw Gaming has made waves as the acclaimed supplier of cutting-edge and innovative content for the online casino sector, confirming that it is launching an Initial Public Offering (IPO), due to complete later this month.

IPO finally confirmed by one of the leading casino suppliers

Hacksaw Gaming is listing on its native NASDAQ Stockholm and will seek to raise funds from public investors in Sweden, Denmark, Finland , and Norway, as well as look for institutional investors from Sweden and abroad.

This confirmation comes only two months after rumors swirled that the company had secured the services of several financial institutions, among which were Carnegie Investment Bank AB, Citigroup Inc., and Jefferies Group Inc. to help it move forward with the IPO, as originally reported by Bloomberg in mid-April.

As to what is being sold, Hacksaw Gaming will not be issuing any new shares on the occasion of its IPO. Instead, the company has decided to offer its existing shares, owned by founders, executives, employees, and board members, up for grabs.

However, the company is not looking to raise capital specifically, as the deal is more focused on securing liquidity for shareholders and possibly expanding the supplier’s market presence as well as investors. Both the company’s CEO and Chairman of the Board of Directors have welcomed these developments.

Christoffer K?llberg, Group CEO, welcomed these developments and the opportunity that was offered to Hacksaw Gaming:

"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."

Hacksaw Gaming is associated with some of the very best online casinos in the world, and the company intends to keep things this way.

Hacksaw Gaming is determined to continue growing and achieving commercial success

The news was similarly welcome by Chairman of the Board of Directors, Patrick Svensk, who said that the company continued to seek and distinguish itself as a leading B2B iGaming supplier, and intended to sustain its strong growth and profitability in the coming months.

"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," Svensk’s statement read.

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