Trustly CEO Delays IPO by at Least One Year Amid Strong Profit Growth
Thursday, 30 May 2024, 07:59
Trustly CEO Delays IPO
Johan Tjarnberg, CEO of Trustly, disclosed that the company plans to defer its IPO by at least one year, highlighting the need for increased investor confidence. The decision was made to further solidify the company's open banking technology offerings before going public.
Profit Surge and Strategic Delay
The fintech firm experienced a substantial 51% rise in profits, showcasing its financial strength. Despite this success, Trustly aims to secure a more favorable market response and valuation by delaying its IPO to establish a stronger market position.
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