iZettle Hints Towards Listing on Nasdaq Stockholm Stock Exchange In 2018

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iZettle Hints Towards Listing on Nasdaq Stockholm Stock Exchange In 2018

 

iZettle, a famous financial tech firm, has hinted towards listing on the Nasdaq Stockholm Stock Exchange this year. On Tuesday, the company said that it would raise 2 billion Swedish Krona this year by the help of IPO on the Nasdaq exchange in Stockholm. Moreover, while commenting on its latest move, the company said that it does depend on the market conditions as to whether it will list on the stock exchange or not but hinted that they will. Nonetheless, the market conditions will play a vital role in the company’s listing on the exchange.

 

Moreover, while commenting on the net revenue growth, the company said that it is looking towards a revenue growth of 40 percent during the medium term and wants to make sure that it achieves positive consolidated EBITDA in two years, by 2020.

 

iZettle, therefore, becomes another company to show interest in going public and raising funds through IPO. iZettle is a Swedish payment startup company, that helps users with their payments and makes it easy to pay just by making a few clicks.

 

iZettle is hopeful about the money generation through IPO and hopes to raise as much as 2 billion through IPO on the Nasdaq. Aside from payments, iZettle also provides mobile card readers and other digital, online products to small companies. iZettle is currently contending with Square, which is a US fintech firm and its current rival. Square is a popular app in the digital world and is led by the CEO of Twitter, Jack Dorsey. Square is currently valued at $20 billion and iZettle is the only firm competing with it at the moment.

 

iZettle is hopeful about its public listing and is aiming to go big with its listing. While speaking about their plans, they said that their decision would depend on where the market is and where it goes. Moreover, the markets, they said, will play a crucial role in their listings and so will the market conditions.

 

The CEO of the company, Jacob de Geer, while commenting on the news, said that the new move would provide a medium for continued growth for the company.