Stockholm becomes iGaming capital of Europe
The capital of Sweden currently has more iGaming companies listen than other stock exchange in the continent.
Sweden.- London was the biggest iGaming city in Europe for several years, but with a recent initial public offering (IPO) in Sweden, the latter has replaced the British city as the leading city in Europe.
Better Collective’s initial public offering’s first day of trading was June 8th, 2018, and followed other IPOs of Aspire Global AB in 2017 and LeoVegas AB in 2016, among others. According to information from Nasdaq Inc, the number of iGaming listed companies rises to 19, three more than London.
Adam Kostyal, head of European listings at Nasdaq, explained that a concentration of entrepreneurs in Sweden that are early adopters of technology and innovation helped develop the iGaming hub. He predicts that more iGaming companies will be listed in Stockholm this year, and not only local firms.
“There’s a handful of international companies that are actively evaluating a new or parallel listing in Stockholm right now, both on the main market and the First North” alternative platform, Kostyal said in a phone interview with Bloomberg. He also explained that a community has been developed in Stockholm as companies, experts and investors seek the expertise that they lack in their domestic markets.
