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Trustly postpones USD 9 bln flotation due to Swedish regulator concerns Tuesday 4 May 2021 14:36 CET | News Swedish payment group Trustly has announced its IPO has been postponed after Sweden’s FSA has raised concerns about Trustly’s lack of due diligence on its end customers.
The planned initial public offering was set to take place in Q2 2021 but had now been postponed indefinitely, Trustly said. Sweden’s Financial Supervisory Authority told Trustly in April that while it had until now conducted due diligence only on the merchants for which it provided payment services, it should now also check on some end-customers.
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