Trustly still wants stock market listing, but no current timeline
05/03/2021 | 06:24am EDT
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STOCKHOLM, May 3 (Reuters) - Swedish payments firm Trustly
said it is still aiming for a stock market listing but there is
currently no firm timeline, after it delayed IPO plans following
comments by the country s financial regulator about the
company s due diligence process.
Trustly in April announced plans to list on the Nasdaq
Stockholm exchange in a move that could have valued the company
at more than $10 billion.
However, less than two weeks after the announcement the
Swedish Financial Supervisory Authority (SFSA) said the company
TRUST TEST. A Swedish fintech startup is the latest to cash in on the digital payments boom. BlackRock-backed Trustly said on Monday it is planning an initial public offering in Sweden which Reuters reported in January could value the company at up to 9 billion euros. Chief.