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It's IPO Time for iZettle, Europe's Answer to Square

  • Sweden’s iZettle plans initial public offering for 2018
  • Intends to raise about $227 million to expand business
Updated on

Swedish fintech company iZettle AB announced its intention to file for an initial public offering on the Nasdaq Stockholm stock exchange.

The company, which competes with Square Inc. and Canada’s Shopify Inc., is seeking to raise 2 billion kronor ($226.6 million) and in a statement Tuesday said it expected its IPO to be completed this year.