Truecaller sets IPO price range at 44-56 SEK

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. Reuters