Hacksaw Gaming Goes Public in a $2.1 Billion Milestone
Hacksaw Gaming just made its long-awaited debut on the Swedish Stock Exchange, in one of the most oversubscribed IPOs in European gaming this year. The share price opened at $6.96, instantly pegging the Malta-based developer at a valuation north of $2.1 billion.
The NASDAQ Stockholm listing saw 43.5 million shares change hands, representing 17.3% of total share capital. The company raised $325 million in the offering, with over-allotment options on the table that could push that figure to nearly $375 million. That’s a serious cash injection, but this launch wasn’t just about money.
Not Just a Cash Grab. It’s a Power Play
Group CEO Christoffer Källberg was clear: “Being listed on Nasdaq Stockholm enhances our visibility and credibility on the global stage. It positions us for continued growth and innovation.”
More than 16,000 new shareholders jumped on board, and the message is clear. Hacksaw isn’t just looking for funding, it’s locking in its position as a global player. Lock-up periods are in place, the roadmap is ambitious, and investor confidence is sky-high.
From 2018 Upstart to Industry Heavyweight
This studio only launched in 2018. Since then, it’s dropped massive hits like Wanted Dead or a Wild and Hand of Anubis, and carved out a space at the top of the market.
In 2024, Hacksaw Gaming more than doubled its revenue, from $71.5 million in 2023 to $146 million last year. Even more impressive? It did that with a monster EBIT margin of 84%. That’s not growth. That’s domination.
Over 20 Regulated Markets — and North America Next
Right now, Hacksaw is live in 20+ regulated jurisdictions, with big-name licenses from the Malta Gaming Authority and the UK Gambling Commission, plus others. They’ve already cracked the hardest markets, and North America is clearly next in line.
You’ll find Hacksaw titles across some of the biggest online casinos in the world, and that footprint is growing by the day. This IPO is fuel in the tank, the market’s watching and, if the numbers keep coming like they have been, this could be just the beginning.