Swedish mobile phone directory and caller identification service Truecaller on Wednesday said the price range for its planned listing of Class B shares would be between 44 Swedish crowns and 56 crowns.
Based on the pricing range, the company would have a market valuation between $1.9 billion to $2.4 billion after completion of the listing on Nasdaq Stockholm.
We are super proud to announce that our IPO prospectus is now published! It´s a great honor for me and… https://t.co/nwbP19HDX9
— Alan Mamedi (@AlanMamedi) 1632936675000
The company would start trading on Oct. 8 under the trading symbol “TRUE”.
Truecaller counts Sequoia, Atomico, OpenOcean and Kleiner Perkins among its investors, and more than 10% of the company is owned by its employees.
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