Nexus International, the privately held gaming operator behind brands like Spartans.com, Lanistar, and Megaposta, has confirmed early plans for a potential IPO in March 2027. The discussions signal the company’s intention to enter the public markets not through speculative hype or early-stage projections, but through measurable scale. According to internal planning, Nexus expects to cross $1 billion in annualized revenue by the end of 2025, setting a clear trajectory toward a $5 billion revenue milestone by 2027, which it has set as the minimum condition for going public.
For founder and CEO Gurhan Kiziloz, the goal is not simply access to capital, but a shift in structure that matches scale. “Our decision to go public isn’t driven by capital needs—it reflects the scale we’ve reached and the strategic value of operating as a public company.” he’s noted in internal briefings. That sentiment underscores the company’s long-standing position as a self-funded operation, one that has grown into the global top 100 gaming operators without external capital or investor obligations.
The company’s H1 2025 revenue report showed $546 million in earnings, more than doubling its full-year 2024 performance. That puts Nexus firmly on pace to exceed $1 billion mark before the year ends. The acceleration is being driven primarily by its Brazil-facing brand Megaposta, which has benefited from early regulatory approval under Law 14,790/2023 and rapid scaling across mobile-first bettors and payment integrations.
Nexus’s multi-brand model adds further momentum, with Spartans.com tapping into the crypto-native gaming segment, and Lanistar focused on regulated markets across Europe and Latin America. Each brand carries a distinct compliance and product strategy, allowing the group to expand in parallel across regions without overexposure to any single regulatory regime.
This structural diversification is also part of the pre-IPO positioning. As gaming operators face tightening restrictions in Europe and licensing fragmentation across jurisdictions, Nexus’s model is designed to show long-term sustainability to public market investors, not just headline growth.
While March 2027 is the tentative IPO timeline, discussions are underway regarding where Nexus will list. The choice of stock exchange is expected to align with the company’s revenue concentration and regulatory fit.
Unlike many iGaming IPOs, which enter markets early with unclear profitability or depend heavily on media narratives, Nexus is planning to enter the public domain after establishing a defensible profit engine. That distinction is rare in the sector, particularly for a company that has no prior funding history, venture backers, or board of directors.
Gurhan Kiziloz’s strategy to delay going public until the $5B revenue mark is reached reflects a commitment to independence and control, themes that have defined Nexus’s rise so far. Unlike competitors like DraftKings or Entain, which operate under layers of investor influence and quarterly guidance, Nexus’s decisions are made by a small core team with full operational authority.
This founder-led approach has enabled fast execution, especially in regulated markets like Brazil, where early licensing, compliance agility, and local payment integration provided a launch advantage over slower, board-dependent competitors.
As a new year approaches, the broader narrative may not just be about Nexus listing. It may be about how a company grew from zero to $5B without the usual scaffolding of external capital, PR cycles, or M&A headlines. For an industry often shaped by outsized noise and unpredictable pivots, Nexus’s IPO could represent a different kind of benchmark, one grounded in execution rather than anticipation. If successful, Nexus International’s 2027 IPO won’t just mark an entry into public markets. It will mark a rare transition: from founder-led to founder-listed, at a scale few self-funded gaming operators have ever reached.
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