Truecaller sets IPO price range at 44-56 SEK

TrueCar

29/09/2021 18:53

STOCKHOLM, Sept 29 (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)
 ((supantha.mukherjee@thomsonreuters.com; +46 70 721 1004;
Reuters Messaging:
supantha.mukherjee.thomsonreuters.com@reuters.net))