Trustly CEO Tries to Talk Down Speculation of Imminent IPO

The chief executive of Swedish digital payment provider Trustly Group AB sought to talk down speculation his company has moved closer to an initial public offering, and suggested it can still settle on other ways to tap the market.

“No decision has been taken on any IPO,” CEO Oscar Berglund told Bloomberg on Tuesday. “We are preparing our processes, which would give us strategic optionality and shorten our time to market, if we were to decide to pursue an initial public offering.”