In advance of the initial public offering ( IPO), LeoVegas announced a 124% increase in annual revenue of €83m for 2015 compared to €37m 2014.
At the time of the initial listing, the company´s stock was heavily oversubscribed. The legal advisers were Baker McKenzie, while Avanza Bank AB was appointed as LeoVegas' certified adviser. Financial advisers in the transaction were Carnegie Investment Bank and SEB, as Joint Global Coordinators and Book-runners. The initial stock market offering of the company took place on 17 March 2016. Hagman stated that the company 'was born out of the smartphone, which today is the fastest-growing channel for entertainment.' As a result, the company has over 700 employees working for the provider. LeoVegas experienced rapid growth due to the overriding increase in smartphone use and the 'mobile first' mentality of its founders. Leovegas was founded in 2011 by Gustaf Hagman (CEO) and Robin Ramm-Ericson (Chairman of the Board & Managing Director). is a subsidiary of MGM resorts international.
LeoVegas AB is a Swedish mobile gaming company and provider of online casino and sports betting services such as table games, video slots, progressive jackpots, video poker and live betting to a number of international markets.
