Reports: Evolution Gaming planning IPO
Live dealer specialist believed to be in premarketing phase of a possible floatation on Stockholm Stock Exchange
Evolution Gaming’s management team are preparing to float the business on the Stockholm Stock Exchange, according to reports.
Investment news site GlobalCapital claims the live dealer specialist is in the premarketing phase of a possible initial public offering (IPO) led by stock brokerage SEB and Carnegie.
The report states that Evolution’s management would sell shares on Stockholm’s Nasdaq First North Premier market, but would keep some of their stakes in the event of the IPO.
No new capital is expected to be raised, the report said, explaining the sale would see a portion available to global institutional investors including in the US as well as a retail offering in Sweden.
An Evolution spokesperson told eGaming Review the firm would only publicly comment on a potential IPO “when it is appropriate to do so” but added that it “regularly assesses possible transactions” that are in the “best interests” of the company and its shareholders.
More to follow.