NODWIN Gaming Launches Pre-IPO Round, Adds MTG’s Arnd Benninghoff to Board
The move follows a return to EBITDA profitability with strong year-on-year revenue growth.
Overview
- The company appointed UBS as lead advisor for the pre-IPO process and the subsequent public listing.
- The raise combines primary capital for global expansion via organic growth and strategic acquisitions with a secondary sale for investor liquidity.
- NODWIN reported 42% year-on-year revenue growth to USD 58.5 million in the first nine months of FY2026 and a return to EBITDA profitability.
- Arnd Benninghoff, Executive Vice President of Gaming at Modern Times Group, joins the board to bring global gaming and media expertise.
- Expansion priorities focus on emerging markets across South Asia, Central Asia, Southeast Asia, the Middle East and Africa, supported by assets such as DreamHack India, Comic Con India, the StarLadder acquisition and an EVO marketing partnership.