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BlackRock-backed fintech Trustly says IPO still at least one year out even as profits jump 51%

Johan Tjarnberg, CEO of Trustly, told CNBC his firm still needs time to prove the value of its open banking tech to investors before going public.

Trustly posts 51% profit jump; CEO says IPO at least 2 years out

Johan Tjarnberg, CEO of Trustly, told CNBC his firm still needs time to prove the value of its open banking tech to investors before going public.

BlackRock-Backed Swedish Fintech Startup Keeps IPO Plans At Bay Despite 51% Jump In Profit: Here's Why

Trustly CEO: IPO Is Still 1 to 2 Years Away Despite Profit Jump

Trustly still wants stock market listing, but no current timeline

Trustly still wants stock market listing, but no current timeline 05/03/2021 | 06:24am EDT Send by mail : Message : Required fields 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