LeoVegas and Catena Media prepare to go public

LeoVegas stand at SiGMA15.
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Johan Styren, LeoVegas CEO

SiGMA15 partners LeoVegas and Catena Media have started preparations to go on the Swedish stock market within months.

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.

Erik Bergman, Catena Media CPO

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.

Click here to read featured interviews with SiGMA guests speakers Johan Styren, CEO at LeoVegas and Erik Bergman, CPO at Catena Media, in SiGMAgazine.

Source: Breakit.se