Truecaller, the Swedish firm that operates as a call identification service announced this week it is looking to raise $116 million in an initial public offering on Nasdaq Stockholm. The company has amassed over 250 million monthly active users.
“One of our objectives this year has been to prepare Truecaller for an IPO. Thanks to the strong feedback that we’ve received from potential investors, it feels very exciting to take the next step in this process. A listing of Truecaller is not only a milestone for Nami, myself and all of our employees who have contributed to building Truecaller to the fantastic platform that it is today, but also to the growing Swedish tech ecosystem,”Alan Mamedi, co-founder and CEO