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Trustly still wants stock market listing, but no current timeline
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By Supantha Mukherjee 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. However, less than two weeks after the announcement the Swedish Financial Supervisory Authority (SFSA) said the company should perform due diligence on some customers using Trustly's payment initiation service to make payments to merchants. The board has decided not to pursue the plan for a listing in the second quarter, but the ambition to list remains, Chairman Johan Tjarnberg said in release ...Read More on Datafloq
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