—TechRound does not recommend or endorse any financial, investment, gambling, trading or other advice, practices, companies or operators. All articles are purely informational—
In a sector dominated by billion-dollar marketing budgets and private equity-backed expansions, Nexus International is taking a very different route to the public markets. Founder and CEO Gurhan Kiziloz has made it clear that the company will not list until it has earned its place among global gaming leaders. That means one clear target: $5 billion in annual revenue by March 2027.
It is an audacious but calculated goal that encapsulates Kiziloz’s philosophy, growth funded by performance, not speculation.
Most gaming operators go public early to access capital or reward investors. Nexus has no such pressure. The company is self-funded, privately held, and already operating at a scale that rivals mid-tier listed peers.
With $847.9 million in year-to-date revenue and projections to surpass $1 billion by the end of 2025, the company is building momentum organically. Rather than chasing the validation of public markets, Kiziloz wants to enter them from a position of undeniable strength.
That model, founder-led, self-funded, and strategically selective, has produced results faster than many predicted. Nexus’s brands, including Spartans.com, Megaposta and Lanistar, are active in more than forty markets worldwide.
Spartans alone has become a revenue engine for the group, contributing the majority of the company’s $301.9 million third-quarter results. Together, the brands demonstrate how focus, product quality, and operational discipline can achieve the kind of profitability that investors typically associate with capital-intensive competitors.
The March 2027 timeline is no coincidence. It aligns with Nexus’s internal projections for compound growth driven by market expansion, strategic licensing, and the continued performance of Spartans.com. The company expects to cross the $1 billion annual revenue threshold in 2025, double that by 2026, and approach $5 billion the following year.
These milestones are not based on external funding rounds or acquisitions but rather on the scaling of existing infrastructure and product innovation.
Unlike publicly traded rivals that rely on mergers or capital injections, Nexus operates under strict financial discipline. Every investment, such as the $200 million allocated to Spartans.com, is funded directly from operating cash flow.
This approach slows short-term expansion but enforces prioritisation and accountability. It also gives the company a credibility edge among investors seeking sustainable, rather than speculative, growth.
Market analysts note that a self-funded IPO of this magnitude would be a rarity in the gaming sector. Flutter Entertainment, Entain, and DraftKings all rely heavily on capital markets to fund acquisitions and sustain aggressive marketing campaigns. Nexus’s model, build first, list later, presents a counterpoint to the growth-at-any-cost strategy that has dominated the industry for the past decade.
While no final decision has been made on where Nexus will list, discussions center around three major exchanges: the New York Stock Exchange, NASDAQ, and the London Stock Exchange. Each offers different advantages. US markets tend to assign higher valuations to tech-enabled growth companies, whereas London offers a regulatory environment that is experienced with international gaming operators.
The choice will ultimately depend on where Nexus’s story resonates most strongly. Its operational base spans Latin America, Europe, and Asia, and its product suite combines traditional gaming infrastructure with crypto-fiat payment systems, an innovation that could appeal to American investors more accustomed to digital disruption narratives.
Whichever route Kiziloz chooses, the key will be timing. Gaming IPOs have faced mixed receptions in recent years, with several 2023 and 2024 listings trading below offer price amid tightening regulation and market caution. Nexus’s target of early 2027 provides time for market sentiment to improve while allowing the company to mature its financial reporting and governance structures.
Nexus’s current trajectory demonstrates the feasibility of a $5 billion goal. With $847.9 million in revenue achieved through the first three quarters of 2025, and Q3 alone contributing $301.9 million, the company is growing at a pace that outstrips many mid-tier competitors.
By comparison, Betsson AB reported approximately €800 million in quarterly revenue during 2024, and Rank Group’s full-year total was £717 million. Nexus, without institutional capital or debt leverage, is already approaching its scale.
The company’s strength lies in its ability to move quickly where others hesitate. When Brazil legalised online gaming in early 2025, Nexus entered the market immediately through its Megaposta brand, securing an early market share and generating revenue that funded the Spartans’ global rollout. This agility, what Kiziloz calls “decision velocity”, is made possible by the absence of external investors or corporate bureaucracy.
The gaming industry rewards visibility, but Nexus has built its success on precision. Rather than spending on mass advertising, the company invests in product infrastructure that drives retention, instant withdrawals, localised experiences, and hybrid crypto-fiat transactions. These decisions trade near-term profit margins for long-term loyalty, aligning with Kiziloz’s preference for substance over spectacle.
For investors watching the sector, the story is compelling. Nexus represents a return to fundamentals: profitability before listing, product before promotion, and leadership before liquidity. Its $5 billion target is ambitious but rooted in a clear operational framework, not speculative optimism.
As March 2027 approaches, Nexus’s progress toward that benchmark will serve as a case study in whether founder-led discipline can rival institutional scale in one of the world’s most competitive industries. If successful, the IPO won’t just validate Nexus’s strategy; it will redefine what readiness looks like in the next era of gaming.
In an environment where most companies sprint toward the market for validation, Nexus is pacing itself toward history. It doesn’t need investors to believe in its potential. The numbers already make the case.
—TechRound does not recommend or endorse any financial, investment, gambling, trading or other advice, practices, companies or operators. All articles are purely informational—
