Malta-based iGaming solutions provider Aspire Global has revealed that it will list its shares at SEK30 per share on Nasdaq First North Premier following its IPO in Stockholm next week.
The company's shares will begin trading next Friday (July 7th) following an IPO which is being directed towards the general public in Sweden, and to institutional investors in Sweden and internationally.
Approximately 25 per cent of the company's outstanding shares, upon completion of the transaction, are being offered to the market and corresponds to a total value of approximately SEK330m.
This includes exploring and expanding into new markets, continued investment in the company's technical platform, as well as strengthening through recruitment, primarily in the technology and product development departments.
"We have built and refined a unique business model that has enabled us to reach an attractive market position in Europe," said chief executive Tsachi Maimon. "Going forward we will continue to focus on growth and exploit future business opportunities, as more and more gaming markets becomes regulated.
"Since the beginning of this year, we have signed agreements with nine new operators while negotiations are in place with a few additional potential partners. We are also exploring potential acquisitions, proactively seeking for the right opportunities. I am looking forward to welcoming new investors on this journey of continued profitable growth with Aspire Global."
Chairman of the board Carl Klingberg said that the listing was an important step in the company's development and secures the possibility to accelerate growth both organically and through acquisitions.
"Since the announcement of our intention to float we have received a lot of positive feedback from investors who appreciate Aspire Global's position, scalable business model and advanced gaming platform," he said. "The increase of partner agreements in a number of European regulated markets further set favourable conditions for continued growth.
"I have great confidence in our management team’s capacity to drive growth and look forward to actively supporting Aspire Global's development in the future."