In a move that underlines both ambition and achievement, Hacksaw Gaming—one of Europe’s most dynamic iGaming developers—has officially announced its plans to go public on Nasdaq Stockholm. The long-rumored IPO confirms the company’s rise from a niche B2B studio to a global Remote Gaming Server (RGS) powerhouse, and it positions Hacksaw among an elite group of publicly listed iGaming tech firms. Backed by record-breaking financials and a strong operational model, this IPO marks a significant step forward as the company accelerates its international expansion.

A Record-Breaking Year Sets the Stage

Hacksaw Gaming enters the public arena on the back of remarkable financial results in 2024. The company reported revenue of €137 million (approximately $156 million), more than double its performance from the prior year. Equally notable is its robust EBIT margin of 84%, signaling not just growth, but highly efficient operations and a scalable business strategy.

What makes this IPO particularly significant is its timing. Global IPO activity has declined roughly 35% year-over-year, primarily due to macroeconomic headwinds. Yet, Hacksaw Gaming’s financial metrics and strategic positioning buck the trend. The company is going public not out of necessity, but from a position of strength—making it a rare and compelling story in today’s investment climate.

Strategic IPO Structure for Broader Investor Access

The structure of the IPO is designed to ensure both liquidity and investor alignment. The offering will consist exclusively of existing shares held by founders, executives, and employees. This approach avoids dilution of capital while fostering a secondary market that’s attractive to both institutional and retail investors.

The company plans to open up share access to:

Retail investors in Sweden, Denmark, Finland, and Norway

Institutional investors in Sweden and internationally

According to the official company statement:
“Hacksaw’s Board of Directors and management consider the IPO on Nasdaq Stockholm to be a logical and important step in Hacksaw’s development.”

This sentiment reflects not only internal confidence but also the maturity of Hacksaw’s business model as it transitions into the public investment spotlight.

From Studio to Global Tech Contender

Founded with a flexible B2B approach, Hacksaw Gaming has grown into a vertically integrated content developer and distributor, offering services that span from initial game concept design to delivery via its proprietary Remote Gaming Server platform.

The company’s growing global footprint is anchored by a series of strategic partnerships:

In January 2024, Hacksaw signed a high-profile deal with LiveScore Group in the UK, tapping into one of the world’s most vibrant betting markets.

By May, it had expanded into Italy through a content agreement with Daznbet, aggressively targeting one of Europe’s most regulated markets.

The expansion continued with a new partnership in Switzerland via Casino Luzern, underlining its ability to operate in jurisdictions that demand high compliance and brand trust.

These strategic alliances validate the company’s content quality, regulatory reliability, and its ambition to serve a global audience with local precision.

IPO to Accelerate Growth Trajectory

Going public offers Hacksaw Gaming a number of strategic advantages:

Enhanced public profile and brand credibility in competitive licensing environments

Improved access to capital for future innovation, acquisitions, and market expansion

Increased flexibility in corporate governance and shareholder engagement

The IPO will also likely fuel greater visibility in regulated markets, where public listing status often strengthens trust with both regulators and Tier 1 operators.

As the company prepares to list by the end of this month, insiders suggest that more details—including pricing and final share allotment—will be disclosed in the coming weeks. Market analysts expect strong investor interest given Hacksaw’s rapid ascent and exceptional financial health.

Outlook: Positioned for Leadership in Global iGaming

With the Nasdaq Stockholm listing, Hacksaw Gaming is not just taking a corporate step—it’s making a statement. The company signals that it’s ready to compete on the biggest stages in gaming technology. As an innovator known for its standout titles and agile platform, Hacksaw's IPO could become a blueprint for future public listings in the iGaming sector.

For investors, the opportunity lies in a rare combination: an established revenue stream, operational profitability, and high-growth potential across expanding global markets.

In an industry where many go public before they’re profitable, Hacksaw’s entrance into the public markets from a position of financial strength and strategic clarity is a refreshing—and compelling—narrative. As more jurisdictions legalize and regulate online gaming, Hacksaw appears ready to lead the charge.

Bottomline: A Milestone Moment for Hacksaw and iGaming

The upcoming IPO represents a defining moment for Hacksaw Gaming and a broader milestone for the iGaming sector. With proven revenue, global partnerships, and an integrated platform, the company is well-positioned for sustainable growth and value creation. If executed well, this public offering could cement Hacksaw’s place as one of the most influential players in the rapidly evolving digital gaming ecosystem.