Why Sweden’s iZettle sold to PayPal for $2.2 billion rather than IPO | Spanlish

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Saturday, May 19, 2018

Why Sweden’s iZettle sold to PayPal for $2.2 billion rather than IPO

iZettle co-founders Jacob De Geer (left) and Magnus Nilsson
The announcement just 10 days ago that Sweden’s iZettle was planning to go public provoked cheers among European tech boosters, but that excitement proved to be short-lived. Instead of celebrating the rise of an independent tech company, we’re watching yet another local startup be gobbled up by a U.S. tech giant. In this case, the deep…Read More

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