Winvia Entertainment PLC will float on the junior AIM market of the London Stock Exchange early next month.
The company, which operates prize draw brands BOTB and Click Competitions in the UK as well as online gaming in Romania, says preparations for admission are at an advanced stage.
It expects to list during the first week of November 2025 and raise £40m in the IPO.
The firm – which has expanded rapidly through a combination of organic development and targeted acquisitions – made £7m profit before tax last year with £153m gross revenue.
The proceeds of the placing are planned to be used to fund acquisitions in the UK prize draw sector. It said it is in discussions with several potential acquisition targets.
“Announcing our intention to float on AIM marks an exciting milestone for Winvia Entertainment,” said CEO Mihai Manoila.
“Since inception we have built two successful well-established units, UK prize draw and Romanian online gaming, that have in turn resulted in Winvia Entertainment being a highly profitable, fast-growing and cash generative business with a track record of successful M&A.
“Underpinning this is our well-invested proprietary technology platform which we believe is a key differentiator in our space. It has been built in-house, with high levels of customisation which allow faster execution and delivery of new products and deeper integration with third party systems.
“This platform has enabled us to significantly improve the key performance metrics of businesses that we have acquired.
“An IPO would allow us to accelerate our growth strategy, specifically on the UK Prize Draw business where we see significant opportunities, both organic and inorganic, in a fragmented and fast-growing market where we can implement our technology platform.”