Latest news with #KlarnaBankAB
Bloomberg
04-04-2025
- Business
- Bloomberg
Trump's Trade War Hits Billions of Dollars of Deals in 24 Hours
Donald Trump's global trade war has hit billions of dollars worth of potential mergers, acquisitions and initial public offerings in less than 24 hours. Ticket platform StubHub Holdings Inc., digital payments company Klarna Bank AB and adtech group MNTN have all pressed pause on planned listings, according to people familiar with the matter, who asked not to be identified discussing confidential information. Their decisions come as markets extend deep losses in the wake of Trump's move on Wednesday to impose the steepest American tariffs in a century.
Yahoo
06-03-2025
- Business
- Yahoo
Klarna Set to File for $1 Billion-Plus IPO as Soon as Next Week
(Bloomberg) -- Klarna Bank AB is seeking to raise at least $1 billion in a US initial public offering and is set to file publicly as soon as next week, according to people familiar with the matter. Trump Administration Plans to Eliminate Dozens of Housing Offices Republican Mayor Braces for Tariffs: 'We Didn't Budget for This' How Upzoning in Cambridge Broke the YIMBY Mold NYC's Finances Are Sinking With Gauge Falling to 11-Year Low Remembering the Landscape Architect Who Embraced the City The Stockholm-based payments business aims to price the IPO in early April, the people said, asking not to be identified as the information isn't public. Klarna is targeting a valuation of more than $15 billion in the New York Stock Exchange listing, the people said. Deliberations are ongoing and details of the listing plan including timing could still change, the people said. A representative for the company declined to comment. Klarna has confidentially filed for an IPO with the US Securities and Exchange Commission, according to a statement in November. The company is working on the listing with around 15 banks, led by Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley, Bloomberg News has reported. Sequoia Capital-backed Klarna's listing is set to give a boost to technology IPOs, which have been in a relative slump after setting records for volume in 2021. Other fintech companies including Chime Financial Inc. and Zilch Technology Ltd. are considering potential first-time share sales this year. Klarna has seen estimates of its valuation fluctuate wildly in recent years. The figure reached a high of $45.6 billion in a funding round in 2021, only to plunge to $6.7 billion in a round the following year. Analysts last year gave it an implied valuation of around $14.6 billion based on shareholder Chrysalis Investments Ltd.'s estimate of the worth of its stake. Chief Executive Officer Sebastian Siemiatkowski said last month that the firm, known for its buy now, pay later offerings, is exploring an expansion into the cryptocurrency market. He posted 'I give up' on social-media platform X on Feb. 8, saying Klarna 'will embrace crypto.' --With assistance from Pablo Mayo Cerqueiro and Swetha Gopinath. The Mysterious Billionaire Behind the World's Most Popular Vapes Rich People Are Firing a Cash Cannon at the US Economy—But at What Cost? Greenland Voters Weigh Their Election's Most Important Issue: Trump Trump's SALT Tax Promise Hinges on an Obscure Loophole Snack Makers Are Removing Fake Colors From Processed Foods ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
13-02-2025
- Business
- Bloomberg
Klarna CEO Says the Buy Now, Pay Later Fintech Is Exploring Crypto
Klarna Bank AB Chief Executive Officer Sebastian Siemiatkowski said the firm, known for its buy now, pay later offerings, is exploring an expansion into the cryptocurrency market. After previously dismissing crypto as a 'decentralized Ponzi scheme,' Siemiatkowski recently talked with Klarna board member Andrew Reed, a Sequoia Capital partner, and then met with crypto companies about digital currencies including Bitcoin and stablecoins, he said in a Bloomberg Television interview Thursday. He posted 'I give up' on social-media platform X on Feb. 8, saying Klarna 'will embrace crypto.'
