Trustly still wants stock market listing, but no current timeline


FILE PHOTO: A sign informing that cash payments are not accepted is seen at a cafe in Stockholm, Sweden, December 18, 2019. REUTERS/Colm Fulton/File Photo

STOCKHOLM (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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

DR Congo accuses Apple of using ‘blood minerals’ from war-torn east
German police swoop on Nigerian dating scammers
74-year-old US woman charged in armed robbery of credit union was scam victim, family says
In which country do people spend the most time on screens?
How streaming is boosting esports
Battery firm LG Energy Solution Q1 profit plunges on weak EV sales
SK Hynix expects full chip recovery after Q1 earnings surprise on AI boom
Cisco says hackers subverted its security devices to spy on governments
Disappointing Meta forecast pulls down tech peers in extended trade
IBM to buy HashiCorp in $6.4 billion deal to expand in cloud

Others Also Read