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Public Companies

Nasdaq Celebrates Innovative Gaming Company Embracer, The Largest Switch from Nasdaq’s First North Growth Market to Nasdaq Stockholm

Today Nasdaq celebrates one of the biggest successes from the Nasdaq First North Growth Market. Embracer Group, our largest switch to date with a market cap of 5.5 billion EUR, joins the now 120 companies that utilized Nasdaq First North to access the capital markets while realizing their growth potential. Embracer will now be available for purchase on the main market after growing its share price by 1,373%.

Embracer Group is a global group of entrepreneurial businesses in the gaming and entertainment industry. Headquartered in Karlstad, Sweden, Embracer Group engages more than 15,731 people in over 40 countries.

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With help from the First North Growth Market, the company has completed over 90 acquisitions in part from the capital raised through share sales. Along with these acquisitions, the company has utilized the market to strengthen its brand and profile among investors and peers in the gaming industry. The results show a growth in value and increased wealth for all of Embracer Group’s stakeholders:

  • Net sales have grown almost 9000% (from SEK 302 million to SEK 27,016 million, approximately).
  • Adjusted EBIT has grown over 5000% (from SEK 108 million to SEK 5,642 million, approximately).
  • Share price has increased from SEK 3.33 to SEK 49.1, a return of 1,373% percent.

“It feels fantastic to end our listings year with the largest transfer we have ever made from First North to the Main market. The fact that this is the 12th transfer we have made from First North to our Main Market in 2022 really shows that Nasdaq Stockholm is one of the most attractive marketplaces in Europe,” said Adam Kostyál, Head of European Listings at Nasdaq. 

Embracer Tower Shot

Part of Embracer Group’s success is due to its decentralized model, bringing diverse teams and entrepreneurs together to create synergies through shared knowledge and collaboration.

Together, these teams act as an ecosystem, led by the most creative and dedicated entrepreneurs within their field, jointly owning close to half of the group. These teams are actively creating one of the industry’s deepest portfolios of IP and game development projects.

Now listed on the main market, the Group plans to continue its long-term mindset of building enduring, innovative and profitable businesses in gaming into 2023. With its 12 operative groups and a portfolio of over 850 IPs, Embracer Group believes it is well positioned to capitalize on the strong underlying long-term market trends and the significant collective value it has built over the years.

“Together, the Embracer family now takes the next step on this exciting journey, as we transition from Nasdaq First North Growth Market to Nasdaq Stockholm. My gratitude is with our tremendous people and all those who support and follow us on this journey,” said Lars Wingefors, Founder and CEO Embracer Group.

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