SBC News Voice of the Sports Betting Industry
Malta and Tel Aviv-based industry white label and turnkey platform provider Aspire Global has been approved listing on the Stockholm Nasdaq First North Premier market.
The firm now plans to make its initial public offering next Friday 7 July setting a target price of SEK 30 per share on the Stockholm Nasdaq.
Aspire governance has detailed that it will initially float 25% of the firm’s shareholding to the public, with the company eyeing a corporate value of circa SEK 330 million (£28 million).
Funds raised through its Stockholm IPO will be used to support Aspire’s continued investment in product and platform development. The company will also use the investment to expand services into new markets and to boost its commercial operations.
A confident Tsachi Maimon CEO of Aspire Global commented on his firm’s future ambitions
“Going forward we will continue to focus on growth and exploit future business opportunities, as more and more gaming markets become regulated.
“Since the beginning of this year, we have signed agreements with nine new operators while negotiations are in place with a few additional potential partners. We are also exploring potential acquisitions, proactively seeking for the right opportunities. I am looking forward to welcoming new investors on this journey of continued profitable growth with Aspire Global.”
Carl Klingberg Chairman of Aspire Global backed the firms ambitions and future projects, detailing that the firm would bring growth and value to its initial Nasdaq investors
“The increase of partner agreements in a number of European regulated markets further set favourable conditions for continued growth. I have great confidence in our management team’s capacity to drive growth and look forward to actively supporting Aspire Global’s development in the future.”
