Winvia Entertainment Targets UK Prize Draw Sector in November IPO

Winvia Entertainment PLC has announced plans to raise £40 million ($53.5 million) through a share placing ahead of its expected initial public offering on London’s AIM market in early November. This development marks a vital milestone for the technology-driven entertainment group as it seeks to consolidate its presence in the UK prize draw sector and expand its regulated online gaming operations in Romania.

Winvia Operates Several Successful Brands

The London-based company, which owns several leading prize draw brands such as Best of the Best and Click Competitions, revealed that the IPO was at “an advanced stage.” Winvia expects its admission to AIM, the London Stock Exchange’s market for growth companies, to finalize during the first week of November. The company has appointed Shore Capital and Corporate Ltd. as its nominated adviser and Shore Capital Stockbrokers Ltd. as the sole bookrunner and broker for placing and admission.

According to Winvia’s leadership, proceeds of the float will primarily support acquisitions in the fragmented UK prize draw landscape. M&A initiatives will be essential to the company’s long-term plans as it seeks to build scale and capitalize on growing consumer interest in digital competitions. Winvia has indicated that several potential acquisitions are underway, marking a strong start to its ambitions.

In addition to its UK operations, Winvia runs a regulated iGaming operation in Romania, another promising jurisdiction. The company’s management remains optimistic that its proprietary technology platform can support efficient operations in both entertainment segments, fostering success via data-driven customer engagement. 

An IPO Will Help the Company Capitalize on Emerging Trends

Chief executive Mihai Manoila regarded the listing as “an exciting milestone” in the company’s journey. He noted that the IPO was a vital step toward accelerating Winvia ’s growth trajectory, particularly in the UK prize draw market, where he sees significant opportunities for organic and inorganic expansion. Manoila hopes to consolidate this fragmented sector and deliver sustained value.

We see significant opportunities in a fragmented and fast-growing UK Prize Draw market where we can implement our technology platform.

Mihai Manoila, Winvia CEO

Financially, Winvia has achieved substantial growth ahead of its market debut. The company reported pro forma gross revenue of £153.2 million ($204.8 million) for 2024. Winvia also adjusted its EBITDA for 2024 to £15.3 million ($20.45 million), an 11% increase from 2023. The first half of 2025 produced £16.0 million ($21.39 million) in EBITDA, underlining continued momentum despite the challenging macroeconomic environment.

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.

Mihai Manoila, Winvia CEO

Winvia is majority-owned by billionaire entrepreneur Teddy Sagi, best known as the founder of global gaming technology provider Playtech. Sagi’s involvement in the project brings more than just capital to the venture, empowering it with his vast experience in regulated entertainment and online markets. If successful, Winvia’s IPO could mark a revolution in the UK’s prize draw sector, empowered by the company’s innovative mindset.