Readly International

Company Description

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Readly is a digital subscription service that offers unlimited, "all-you-can-read" access to thousands of magazines and newspapers in one app.

The idea for Readly began by a pool in Cyprus in the spring of 2012 when Readly's founder, Joel Wikell, was on vacation with his family. After reading the magazines he had brought with him over and over again, whilst the streaming music in his ears never ran dry, the idea of an app with unlimited access to digital magazine feeds was born. The first string of code was written later that same year, by three developers in a small town called Växjö, in the southern part of Sweden. Readly was launched in Sweden in 2013.

Year founded

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2012

Served area

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Worldwide

Shares outstanding

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37,900,000

IPO

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Sept. 17, 2020

Stock exchange(s)

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Nasdaq Stockholm