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.
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Trustly announces plan for Nasdaq Stockholm IPO
“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.
