Swedish payments company Trustly has become the latest fintech start-up to announce its intention to list on the stock market, seeking a valuation of about $9b. The announcement comes as investor interest in payments groups is surging, with Stripe in the US and Sweden’s Klarna, both unlisted, tripling their valuations in recent weeks.
“This is a way to make sure the company can stay independent. The company has reached the size where it started to become too big for a private environment,” chair Johan Tjarnberg told the Financial Times.
https://www.ft.com/content/2ce32af2-e791-4f3c-bba5-6ed5b4cfd6f1