Truecaller sets IPO price range at 44-56 SEK

  • 9/29/2021
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STOCKHOLM (Reuters) - 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. 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. Reporting by Supantha Mukherjee in Stockholm; Editing by Sandra Maler Our Standards: The Thomson Reuters Trust Principles.

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