Leo Vegas going public

The self proclaimed King of Mobile Casino, Leo Vegas has today announced that it will be listing on the Nasdaq First North Premier exchange later this month.

The company issued a press release today stating:

“The Board of Directors and the owners of LeoVegas AB (publ) (”LeoVegas” or the “Company”) have decided to, as a platform for continued growth, list the Company on Nasdaq First North Premier on March 17, 2016. The intention is to diversify the Company’s ownership base through a combined sale of existing and newly issued shares. Today, the Company publishes the prospectus and the price range in the offering (the “Offering”). LeoVegas is a leading mobile gaming company with a vision create the ultimate gaming experience and be number one in mobile gaming. The shares will trade under the ticker “LEO”.”

The offering will be made available to general public in Sweden as well as to institutional investors worldwide, with around 27% of the company up for grabs comprising existing and newly issued shares. The offer price is expected to be in the range SEK 28 to 32 per share, valuing the Leo Vegas at around SEK3 billion (USD 350 million).

Company co-founders Gustaf Hagman and Robin Ramm-Ericson, made the following joint statement regarding the listing:

“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 on par with online gaming on a smaller screen, we saw with LeoVegas a completely new world. 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. 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.”

You can read more about Leo Vegas live casino here, and their mobile live games here.