Winvia Entertainment has successfully listed on the London Stock Exchange’s AIM, raising £40m in the process.

The UK prize draw and Romania-facing online casino operator now has a market cap of around £205m following the IPO.

The public listing came as part of a strategy to take advantage of the “highly fragmented” UK prize draw market.

In a statement, Winvia said: “The company’s directors believe the offer and admission will support the group’s growth plans by raising new funds through the placing for the ‘roll up’ opportunity in the UK prize draw market, and by enhancing brand equity and awareness, as well as improved customer and stakeholder trust.

“The owners also believe the business will benefit from the discipline and structure of being an AIM-quoted company.”

The operator, which announced its intention to IPO last month, runs ‘Best of the Best’ and ‘Click Competitions’ prize draws in the UK.

For the year ending 31 December 2024, Winvia reported gross revenue of £153.2m, up from £92m in 2023.

Winvia will bring the gambling sector back to the AIM, with affiliate XLMedia having delisted earlier this year as part of its winding-down process.

Throughout the process, Shore Capital acted as nominated adviser, sole bookrunner and sole broker.

Mihai Manoila, Winvia Entertainment CEO, said: “Joining AIM today marks a defining moment and the next step in Winvia’s journey.

“We’ve built a profitable technology-led business across two dynamic markets, and today’s listing provides the visibility and momentum to accelerate our next phase of growth.

“I’d like to thank our team and investors for their confidence and support.”

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