Evolution Gaming to float on Stockholm Stock Exchange
News on 4 Mar 2015
News on 4 Mar 2015
According to Swedish media, pre-marketing by SEB and Carnegie for live dealer company Evolution Gaming’s IPO on the Stockholm Stock Exchange is in full swing.
The company founded by Jens von Bahr and Fredrik Ostberg in 2006 will effectively be valued at over 3 Billion after flotation according to breakout.se.
A term sheet details Evolution Gaming’s 2014 revenues of Euro 48.5 million, EBITDA of Euro 17 million and compound annual growth of 33 percent from 2011 to 2014.
Although the IPO has yet to be officially announced, unidentified sources are quoted as saying interest among potential investors is very large and that the listing is predicted to be over-subscribed “several times”.
