Winvia trades at premium to IPO price amid "strongly supported" offer

Mon, 03rd Nov 2025 10:17

(Alliance News) Winvia Entertainment PLC on Monday made a promising start to trading on the London Stock Exchange's AIM market after a well backed initial public offer.

Shares in the London-based technology-led entertainment business traded at around 215 pence each in London on Monday morning, above the 195p per share placing price, valuing the business at around GBP226 million.

Winvia said the offer of 20.5 million shares was "substantially oversubscribed" and "very strongly supported" by institutional investors.

Winvia operates in two main areas: the UK prize draw market, through brands like Best of the Best and Click Competitions, and the regulated Romanian online gaming market.

It is majority owned by billionaire Teddy Sagi, the founder of Playtech PLC, through his Globe Invest family office. Sagi's stake drops to around 70% on completion from 83% before.

Winvia raised GBP40.0 million from the placing which will fund acquisitions in the UK prize draw sector. The group said it is in discussions with several potential acquisition targets.

Chief Executive Mihai Manoila said Winvia was "delighted" by the strength of investor demand for the placing.

"Today's admission to AIM marks a major step for Winvia Entertainment. We've built a highly profitable, technology driven business across two fast-growing markets, UK prize draws and regulated online gaming, and we see considerable scope to accelerate our growth strategy in the UK prize draw market through organic and inorganic opportunities," he added.

By Jeremy Cutler, Alliance News reporter

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