Sweden's TF Bank prepares IPO in Frankfurt

August 20, 2015 8:16 AM

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FRANKFURT Aug 20 Swedish online and mobile bank TF Bank said on Thursday it was preparing to float on the Frankfurt stock exchange to raise funds for its financial technology growth strategy and loan portfolio growth.

A person familiar with the plans said TF Bank aimed to fetch proceeds of more than 100 million euros ($111.24 million) from the initial public offering (IPO).

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