LeoVegas has grown from humble beginnings into one of the biggest sucess stories in the online casino industry. Now, the company is offering investors a share of that success by listing on on the Nasdaq North Premier stock market, subject to approval. The news represents the latest exciting development for the innovative gaming giant and is set to accelerate their growth and solidify their reputation within the market.
A Swedish Success Story
Renowned for its groundbreaking approach to mobile gaming, LeoVegas has established a loyal following of regular players and continues to develop its services. The proposal to the Nasdaq First North Premier follows a record breaking 2015, which saw the Swedish company consistently break their own quarterly financial records, culminating in revenue figures of €26 million for the final quarter of the year. Those numbers are typical of a company that has shown consistent growth since it was launched in 2012. Continued success in the Nordic markets and the UK is set to further enhance the numbers across all key financial indicators.
LeoVegas to List on Nasdaq First North Premier
The company views the listing as a great opportunity to attract investment from a diverse range of stakeholders. LeoVegas have signalled their intention to list on March 17th and has published an offering in support of their application. The offering will release between 25,985,848 and 26,711,780 shares onto the market, a figure which corresponds to around 27% of the total number of shares in the company. Between 5,843,750 and 6,678,571 of these shares are newly listed, with the remaining 20,033,209 to 20,142,098 shares offered by existing shareholders. Each share will be available to buy at a price between 28 and 32 Swedish Kroner (€3.012-€3.45).
A Groundbreaking Mobile Gaming Concept
LeoVegas was the first online casino to identify the true worth of the mobile gaming market. Having spotted a gap in the market, founders Gustaf Hagman and Robin Ramm-Ericsson launched it as the original ‘mobile-first’ casino and the company has gone from strength to strength in the intervening five years. The LeoVegas brand now hosts innovative mobile casinos across all major platforms and an extensive desktop casino for players who prefer to play from a laptop or computer. They have also established a reputation for incredible promotional campaigns, many of which give users the chance to win once-in-a-lifetime prizes. With proven exponential year-on-year growth across a variety of markets, this is one success story which shows little sign of slowing down.
Speaking about the listing, Messrs Hagman and Ramm-Ericsson spoke of their delight at the the development of LeoVegas up to now and the potential for the future. In a joint statement, they said:
“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. With a clear passion for customer experience, a focused and successful marketing strategy, a proprietary technical platform and an innovations-oriented corporate culture, we feel that LeoVegas is well-positioned for this growth. LeoVegas’ focus on longterm customer relations and a data-driven process have laid the foundation for a scalable business model.
We see a listing of LeoVegas on Nasdaq First North Premier as a natural step of the Company’s development and in particular, we view it as a platform for continued robust growth.”
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