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Trustly’s parent company, Nordic Capital, is working with Goldman Sachs, JPMorgan Chase, and Carnegie on the IPO. Besides, it is reportedly in the process of hiring more banks to launch the IPO in late April or early May.
Sweden’s payments company Trustly is reportedly planning to conduct an Initial Public Offering (IPO) in the second quarter of 2021. According to those familiar with the matter, the IPO could value the company at €9 billion (about $11 billion). It will probably take place in Stockholm.
According to Reuters, Trustly’s parent company, Nordic Capital, is working with Goldman Sachs (NYSE: GS), JPMorgan Chase (NYSE: JPM), and Carnegie on the IPO. Besides, it is reportedly in the process of hiring more banks to launch the IPO in late April or early May. Nordic Capital and the banks declined to comment on the news.
LONDON: Swedish payments firm Trustly plans to take advantage of a surge in digital transactions in the COVID-19 pandemic with a second quarter flotation that could value it at up to €9 billion ($11 billion), people close to the matter said.
The initial public offering (IPO), likely in Stockholm, is one of a number of technology listings expected in Europe as investors flock to growth stocks in strong equity markets.
Trustly’s owner, buyout group Nordic Capital, is working with Goldman Sachs, JP Morgan and Carnegie and is in the process of hiring more banks with a view to launching the IPO in late April or early May, the sources said.
Swedish payments firm Trustly plans to take advantage of a surge in digital transactions in the COVID-19 pandemic with a second-quarter flotation that could value it at up to 9 billion euros ($11 billion), people close to the matter said.