Cains has acted as Isle of Man counsel to Hacksaw AB in relation to its IPO on the Nasdaq Stockholm, obtaining a market value of approximately EUR 2.0 billion. Trading on the Nasdaq Stockholm commenced on Wednesday 25 June 2025.
Hacksaw is a technology-first Remote Gaming Server (“RGS”) platform and gaming supplier for iGaming operators globally. The games developed by Hacksaw are powered by the group’s proprietary RGS platform; a scalable, modular and purpose-built technology platform built on modern code base, enabling rapid game development and quick distribution of games, extending across the entire B2B iGaming vertical.
Citigroup Global Markets Europe, DNB Carnegie Investment Bank and Jefferies acted as Joint Global Coordinators and Joint Bookrunners. Joh. Berenberg, Gossler & Co. acted as Joint Bookrunner.
The cross-practice Cains team, which worked closely with Swedish counsel Baker McKenzie, was led by Director and Head of Corporate Scott Leonard-Morgan with support from corporate associates Holly McGarrigle and Jess Whitley. The team also comprised Katherine Sheerin and Ruby Roberts advising on data protection and employment, with Alex Poole-Wilson advising on property aspects.