LeoVegas and Catena Media prepare to go public
Both LeoVegas and Catena Media are currently discussing the IPOs with cornerstone investors, which means the companies can be expected to go public in the next months.
The last year was successful for IPOs of other big names in Swedish tech industry, such as Evolution Gaming, Tobii, Fingerprint and Starbreeze. The two expected offerings would extend this fruitful trend.
Carnegie, investment bank and financial idvisory company that is said to help Catena Media with its IPO has also been hired by LeoVegas.
GP Bullhound, venture capital firm, announced LeoVegas can become one of the Swedish unicorns.
Catena Media is in even more advanced discussions with their anchor investors – the company is expected to go public in a few weeks with a valuation accounting for more than SEK 1 billion (EUR 109 millions).
In 2014 LeoVegas and Catena Media revenues exceeded USD 40 million and their growth continued with doubling the sales in 2015.
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