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STOCKHOLM (Reuters) - Swedish mobile phone directory and caller identification service Truecaller has hired a chief financial officer as it plans to go public as early as the end of this year, two sources familiar with the matter said.
Odd Bolin, Truecaller’s new finance chief, was previously group CFO at Swedish cloud computing services provider Sinch, a company which he helped to take public.
While Stockholm-based Truecaller has not finalized the amount it plans to raise, it is aiming for a valuation of more than $1 billion, the sources told Reuters.
Founded in 2009 by Alan Mamedi and Nami Zarringhalam, the company had raised money from Sequoia, Skype co-founder Niklas Zennstrom’s Atomico investment firm as well as from Kleiner Perkins Caufield & Byers.