Winvia Entertainment Plans UK Prize Draw Market IPO in November
Winvia Entertainment Prepares £40 Million Fundraising Ahead of AIM Listing
Winvia Entertainment PLC is preparing to raise £40 million through a share placement in anticipation of its initial public offering on the London AIM market scheduled for early November. This marks a significant step for the technology-based entertainment company as it aims to strengthen its footprint in the UK prize draw industry while also expanding its licensed online gaming services in Romania.
Overview of Winvia’s Brand Portfolio and IPO Progress
Based in London, Winvia owns notable prize draw brands including Best of the Best and Click Competitions. The company has progressed well with its IPO plans and expects to complete its admission to AIM, a market for growth-oriented companies, in the first week of November. Shore Capital and Corporate Ltd. will serve as the nominated adviser, with Shore Capital Stockbrokers Ltd. handling the bookrunner and brokerage duties.
Strategic Use of IPO Proceeds for Growth and Acquisitions
Winvia management has confirmed that the majority of funds from the IPO will be invested in acquiring other businesses within the fragmented UK prize draw sector. These mergers and acquisitions are fundamental to the company’s long-term strategy of expanding scale and tapping into increasing consumer enthusiasm for digital competitions. Several acquisition targets are reportedly under consideration as the company builds momentum for growth.
Operations Extend to Regulated Romanian iGaming Market
Beyond its UK activities, Winvia operates a regulated online gaming platform in Romania. Management is confident that its proprietary technology infrastructure can efficiently support operational success in both prize draw and online gaming arenas through data-driven customer engagement strategies.
Capital Market Listing to Fuel Expansion Opportunities
CEO Mihai Manoila described the IPO as an exciting development poised to accelerate Winvia’s growth, especially in the UK prize draw market which presents both organic and inorganic expansion prospects. He emphasized the company’s intent to unify the fragmented industry and create lasting value for stakeholders.
“We see significant opportunities in a fragmented and fast-growing UK Prize Draw market where we can implement our technology platform,” Manoila stated.
Financial Performance Demonstrates Strong Momentum
Ahead of going public, Winvia reported robust financials with pro forma gross revenues of £153.2 million for 2024 and an adjusted EBITDA of £15.3 million, reflecting an 11% rise from the previous year. The first half of 2025 continued this positive trajectory with EBITDA reaching £16 million, showcasing resilience despite economic challenges.
“We look forward to taking the next steps on this journey and building on the work undertaken so far as we look to build a business with significant scale,” added Manoila.
Backing from Industry Veteran Teddy Sagi Enhances Prospects
Winvia’s majority shareholder is billionaire entrepreneur Teddy Sagi, renowned as the founder of gaming technology giant Playtech. Sagi’s involvement brings not only financial support but also deep expertise in regulated entertainment and online markets. This backing positions Winvia to potentially transform the UK’s prize draw sector through its innovative approach.
