LEOVegas IPO generates huge interest

Interest in LeoVegas’ latest public offering of shares has been exceptionally strong.

With the price set to SEK 32 per share, corresponding to LeoVegas’ market value of SEK 3,190 million, the mobile gaming giant has generated huge interest from Swedish and international investors.

Commenting on the IPO’s huge success, which begins trading today, Gustaf Hagman and Robin Ramm-Ericson, Co-founders of LeoVegas, said:

“Not even five years have passed since that spring evening when the concept for the mobile gaming company LeoVegas was born. When other players considered mobile gaming similar to online gaming on a smaller screen, we saw a completely new world with LeoVegas. The breakthrough of the iPhone and other smartphones changed everything and the experience, user enjoyment and playfulness in mobile usage paved the way.

The market for mobile gaming entertainment is still in its infancy. We want LeoVegas to lead the way in terms of product innovation and mobile experience, and we see enormous growth potential in both new and existing markets as well as new product areas.

We are happy about the extremely strong interest to invest in the LeoVegas share and now welcome almost 30,000 new shareholders.

We founded LeoVegas with the aim to build the world’s leading mobile gaming company. A listing of LeoVegas on Nasdaq First North Premier is a natural step in the Company’s positive development and in particular we see it as a platform for continued strong growth.”

Notable new investors in the Malta licensed gaming giant include Catella, Handelsbanken, Swedbank Robur, Carnegie Asset Management, Keel Capital, Fonden Alcur and AMF Fonder.

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