Safello Planned Initial Public Offering (IPO) Oversubscribed by 1,240% May 5 2021 · 13:51 UTC by Kofi Ansah · 2 min read Frank Schuil, Safello CEO. Photo: Timan Rebel / Flickr Share this article You have successfully joined our subscriber list. Shares of Safello Group are expected to start trading on Nasdaq First North Growth Market under the ticket SFL on May 12, 2021. Safello Group, the Swedish cryptocurrency broker, has announced that its initial public offering (IPO) has recorded an oversubscription of 1,240%. The company’s initial offering of new shares worth 40.5 million Swedish kronor (almost $4.8 million) was met with subscription bids of up to 502 million kronor ($59 million) worth of shares.