Hacksaw’s Holders Seek as Much as $355 Million in Stockholm IPO

By Arijit Roul - 20 Jun, 2025 More about the author

Shareholders in Hacksaw, a developer and distributor of online betting games, plan to raise as much as 3.35 billion Swedish kronor ($355 million) in an initial public offering in Stockholm.

The sellers are offering as many as 43.5 million shares at a fixed price of 77 kronor apiece, the company said in a statement. The deal would give Hacksaw a market capitalisation of about 22 billion kronor.

Stockholm has been Europe’s busiest exchange for IPOs so far in 2025, with the roughly 10 billion-kronor listing of Asker Healthcare Group AB standing out as the region’s largest initial share sale year-to-date.

A listing marks a quick ascent for Hacksaw, which was established less than a decade ago. The group reported operating profit of about €115 million ($133 million) on net sales of roughly $137 million in 2024, according to the filing.

Citigroup Inc., DNB Carnegie and Jefferies Financial Group Inc. are leading the offering. The company plans for its shares to trade on Nasdaq Stockholm starting June 25 under the symbol HACK.