Nasdaq Technology has raised its bid to acquire Sweden-based Fintech company Cinnober for SEK 1.98bn. Cinnober Financial Services provides trading and clearinghouse platforms for financial markets. Cinnober reported a LTM turnover of SEK 348.2m and EBITDA of SEK -126.9m by September 2018, corresponding to an EV/sales multiple of 5.4x.
