Valletta, July 18, 2025 — GTG is pleased to congratulate Hacksaw AB (publ) (“Hacksaw”) on the successful first day of trading of its shares on Nasdaq Stockholm under the ticker HACK. Trading commenced on 25 June 2025, following an oversubscribed initial public offering.

Hacksaw is a technology-first RGS platform and game supplier to iGaming operators worldwide, operating across the B2B value chain from game development to distribution.

The IPO valued Hacksaw at approximately €2 billion (about SEK 22 billion), with circa 15% of the company’s share capital offered for sale by existing shareholders. Media reported strong global institutional demand, with more than 16,000 new shareholders participating. The offer price was SEK 77 per share, with trading beginning on 25 June and settlement scheduled for 27 June.

Market coverage highlighted the scale and momentum of the deal—estimated gross proceeds of about SEK 3.3–3.35 billion from the secondary sale, reflecting the depth of investor interest in the company’s growth trajectory.

GTG role and team

GTG provided guidance and advice on all matters of Maltese law and gaming regulatory aspects related to the transaction. The GTG team comprised Reuben Portanier, Terence Cassar, Cherise Abela Grech, and Josef Cachia Fenech Gonzi.

About the transaction

• Issuer: Hacksaw AB (publ)
• Exchange / Ticker: Nasdaq Stockholm / HACK
• Pricing: SEK 77 per share
• Valuation: ~SEK 22bn (≈ €2bn) at IPO
• Offered stake: ~15% of share capital (existing shares; no primary issuance)
• Demand: Offering oversubscribed, 16,000+ new shareholders
• Key dates: First day of trading 25 June 2025; settlement 27 June 2025.

GTG congratulates Hacksaw, its shareholders, and the wider advisory syndicate on this landmark listing and looks forward to supporting the company in its continued international expansion.