Hacksaw Gaming Prepares for IPO in Stockholm — Company Expands into Europe Amid U.S. Tariff Policies
According to Bloomberg, Hacksaw Gaming is preparing for an IPO in Stockholm. The company is in talks with Citigroup, Jefferies, and Carnegie.
The stock offering may be accompanied by the opening of an office in Sweden, where the company plans to relocate part of its staff from Malta amid U.S. tariff policies and a stronger focus on European markets.
IPO Partners and Potential Expansion
Bloomberg sources report that the potential IPO will involve the following investment banks:
- Carnegie Investment Bank AB
- Citigroup Inc.
- Jefferies Financial Group Inc.
There has been no official confirmation from Hacksaw Gaming yet, but rumors are actively circulating within the industry.
Financial Performance and Regulatory Disputes
According to Bloomberg, Hacksaw Gaming reported an operating profit of €57 million ($64.8 million) for 2023.
The company has also faced sanctions from the Swedish gambling regulator. An initial fine of SEK 2.6 million ($264,530) was later reduced to SEK 20,000.
Geographic Presence and Expansion Plans
Hacksaw Gaming is a global provider of instant games, scratch cards, and online slots. Although it has a legal base in Sweden, its main office is located in Malta.
The IPO could mark the first step in relocating part of its operations to Stockholm — a potential response to:
- U.S. tariff policies
- Increased focus on European markets
Since 2023, Hacksaw has been actively expanding its presence in North America. The company’s CEO, Marcus Cordes, previously stated:
“Hacksaw is thrilled by the rapid growth and recognition our content is receiving. We are confident in the prospects of the U.S. market.”
Context: Legal Cases in the EU
As Hacksaw Gaming prepares for a potential IPO, an important case — C-440/23 — is under discussion in the European Union.
The Court of Justice of the European Union may issue a ruling that could affect fund recovery and legal disputes for operators across the EU.
According to European Lotteries, billions of euros could be at stake depending on the verdict.
Potential Industry Impact
If the IPO goes through, Hacksaw Gaming would become the first gaming company to open a new European location in response to U.S. policy — potentially triggering a wave of relocations among industry players closer to the EU.
Company Snapshot: Hacksaw Gaming
| Characteristic | Details |
|---|---|
| Annual Operating Profit (2023) | €57 million ($64.8 million) |
| Head Office | Malta |
| Legal Base | Sweden |
| Main Products | Scratch cards, instant games, slots |
| IPO Partners | Citigroup, Jefferies, Carnegie |