Sweden's Hacksaw Gaming prices IPO to raise $400 mln
STOCKHOLM, June 17 (Reuters) - Swedish online casino games company Hacksaw Gaming on Tuesday priced its initial public offering at 77 Swedish crowns per share for listing on the Stockholm bourses later this month, becoming one of the few companies to tap the market this year.
The offering will amount to around 3.85 billion Swedish crowns ($406.28 million), giving the company a valuation of about 22 billion crowns.
Stock exchanges in Europe have seen a drought of IPOs over the past two years and a number of local firms choosing to float or move primary listings to the U.S. to access deeper pools of capital and potentially higher valuations.
Market volatility has also prompted several companies, such as Swedish fintech Klarna, to pause their IPOs.
($1 = 9.4781 Swedish crowns)
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