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Klarna Stock IPO Soars. Here's Everything You Need to Know.
Yahoo Finance· 2025-09-12 15:15
Group 1 - The IPO market has been lackluster in 2026, with few high-profile listings despite some notable exceptions like Figma [1] - Klarna, a buy-now, pay-later company, recently went public, closing 15% higher than its IPO price of $40 on its first trading day [2] - Klarna positions itself as offering "flexible payment options," including buy now, pay later, credit cards, and AI-based data insights for customers and merchants [3] Group 2 - Klarna partners with a wide range of top brands, including Disney, Macy's, Uber, and Adidas, and has agreements with 790,000 merchants globally [5] - The company does not charge interest on small loans paid within 30 days but does impose late fees and interest on larger purchases over extended periods [6] - Klarna's average client balance over the past 12 months was $80, significantly lower than the average U.S. credit card debt of $6,730, with an average loan duration of 40 days [8] Group 3 - Klarna's provision for credit losses was 0.52% of gross merchandise volume (GMV) over the trailing 12 months, compared to 2.92% for commercial U.S. banks in 2024 [8] - The company has strong underwriting capabilities and a full banking license, although its expansion plans are currently impacting profitability [7]
Markets Hit Records As IPOs Surge, Fed Cut Looms, Volatility Watch
Forbes· 2025-09-12 14:05
Group 1: Market Overview - Stocks are on track for the fourth week of gains in the past five weeks, with major indices like the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average reaching all-time highs [2][7] - Recent inflation data from the Producer Price Index (PPI) and Consumer Price Index (CPI) suggests inflation may be stabilizing or contracting, leading to expectations of a Federal Reserve rate cut [3][7] - The upcoming week is significant due to the triple witching expiration of options and futures, which historically brings volatility [6][7] Group 2: IPO Activity - The week has seen a surge in Initial Public Offerings (IPOs), including Klarna and Figure Technology Solutions, both of which were oversubscribed [4] - Gemini Space Station, a crypto exchange founded by the Winklevoss twins, is also expected to begin trading today and has been oversubscribed, indicating strong investor appetite for new issues [4][6] - The current environment for IPOs is viewed positively, suggesting a healthy market as long as the companies have viable products and revenues [4] Group 3: Individual Stock Highlights - Adobe reported earnings that exceeded expectations, leading to a projected 4.5% increase in its stock price [5] - Restoration Hardware issued a disappointing report, resulting in an expected 8% decline in its stock price [5] - Super Micro Computer announced it will start shipping Nvidia's Blackwell Ultra chips, with shares expected to rise by about 6% [5] - Warner Brothers Discovery shares are increasing following news of a potential acquisition offer from Paramount Skydance [5]
AT&T Joins Forces With Gigs to Launch Embedded Phone Plans
Yahoo Finance· 2025-09-12 13:58
Core Insights - Gigs has formed a strategic alliance with AT&T, enabling technology companies to integrate mobile connectivity into their applications, facilitating instant plan activation and in-app account management [1][2] - The partnership represents a shift in subscriber acquisition strategies for carriers, focusing on digital storefronts and integrating services into various applications, which could lower costs for carriers and enhance brand loyalty [2][3] Company Developments - Klarna is the first fintech company to launch a mobile plan through Gigs on AT&T's network, indicating the potential for more fintech companies to follow suit [1][3] - Gigs aims to innovate the telecommunications infrastructure to meet changing consumer expectations for mobile services [3] Industry Trends - The collaboration between Gigs and AT&T reflects a broader trend of integrating telecommunications services into finance, shopping, and workplace applications, which could reshape how mobile services are marketed and delivered [2][3] - AT&T's acquisition of EchoStar's spectrum licenses for $23 billion will enhance its network capacity, adding approximately 50 MHz of spectrum across over 400 markets [4]
传英国数字银行Starling考虑赴美上市,已在纽约招人
Zhi Tong Cai Jing· 2025-09-12 13:32
Core Viewpoint - Starling Bank, a UK-based emerging bank, is considering an IPO in the US and has begun hiring in its New York office [1] Group 1: IPO Considerations - Starling Bank is evaluating various options for a potential IPO and is not focused on a single listing location [1] - The bank has recently hired a top fintech executive in New York as part of its IPO preparations [1] Group 2: North American Expansion - Starling plans to invest $50 million in expanding its presence in the North American market [1] - The bank is in discussions with several US banks regarding the potential sale of its Engine software to thousands of small and medium-sized banks [1] - Starling is considering acquiring a small national charter bank with assets under $2 billion as part of its expansion strategy [1] Group 3: Market Context - The move comes amid a surge in IPO activity in the US capital markets, with companies like Figure Technology, Gemini Space Station, and Klarna preparing for their own listings [1] - UK fintech companies are looking to capitalize on deregulation opportunities in the financial sector as proposed by former President Trump [1]
X @The Wall Street Journal
The Wall Street Journal· 2025-09-12 13:21
The newly public Klarna has moved from marketing with superstars like Lady Gaga to outreach some might call “a bit more boring” https://t.co/dxftjqcvpL ...
炸薯条、刷厕所:14位亿万富豪的第一份工作
3 6 Ke· 2025-09-12 10:42
Core Insights - The article highlights the significant impact of early fast-food jobs on the success of several billionaires, including Jeff Bezos and Jensen Huang, emphasizing the valuable lessons learned from these experiences [2][3][5][9]. Group 1: Jeff Bezos and His Fast-Food Experience - Jeff Bezos worked at McDonald's as a teenager, where he learned the importance of reliability and taking pride in even the smallest tasks [2][3]. - His experience in fast food instilled a strong interest in operational efficiency and customer focus, which he later applied to building Amazon into a global e-commerce giant with over 1 million employees [3][5]. - Bezos's approach to breaking down customer demand into specific components was directly influenced by his time in the fast-food industry [3]. Group 2: Other Billionaires from Fast-Food Backgrounds - At least 14 billionaires, including Binance founder Zhao Changpeng and Nvidia's Jensen Huang, started their careers in fast-food chains, often working for minimum wage [7][9]. - Huang's experience at Denny's helped him overcome shyness and led to the founding of Nvidia, which is now valued at over $1 trillion [8][9]. - Other notable figures include Todd Graves, who founded a competing brand after working at Guthrie's, and Peter Cancro, who turned a small sandwich shop into a chain with over 3,000 locations [9][11]. Group 3: Lessons Learned from Fast-Food Jobs - Many billionaires attribute their work ethic and resilience to their experiences in the fast-food industry, which is characterized by high demands and low pay [15][16]. - The fast-paced environment of fast food teaches respect for hourly workers and the importance of hard work, as noted by venture capitalist Mark Stevens [15][16]. - The article concludes that despite the challenges faced in fast-food jobs, the skills and lessons learned have been instrumental in the success of these individuals in their respective fields [15][16].
NOBA targets Nasdaq Stockholm listing with $3.74bn valuation
Yahoo Finance· 2025-09-12 10:09
Core Viewpoint - Digital banking group NOBA plans to list on Nasdaq Stockholm in Q3 2023 with an anticipated valuation of approximately Skr35bn ($3.74bn) [1][5] Group 1: Listing Plans and Valuation - NOBA is the second major Swedish financial services entity to pursue a public listing in 2023, following Klarna's debut on the New York Stock Exchange [1] - The cornerstone agreements have been secured with OP Cooperative, DNB Asset Management, and Handelsbanken Fonder, involving share subscriptions worth up to Skr3.18bn [2] - The initial public offering (IPO) will reflect an equity value of up to Skr35bn [2] Group 2: Company Background and Growth Potential - NOBA serves over two million customers and is recognized as one of Europe's leading specialist banks with impressive profitable growth [3] - The company operates under the brands Nordax Bank, Bank Norwegian, and Svensk Hypotekspension, and offers credit cards and deposit products across several European countries [4] - NOBA sees substantial growth opportunities in existing markets and plans to expand into corporate banking for SMEs [4] Group 3: Strategic Intentions - The public listing is expected to elevate NOBA's profile and brand while providing new shareholders the opportunity to participate in its growth journey [5]
X @Bloomberg
Bloomberg· 2025-09-12 07:43
Klarna's CEO didn’t sell any shares in his company’s blockbuster IPO this week — but still managed to use the listing to consolidate his control https://t.co/Iuj4ReL16G ...
Klarna IPO and ASML's Mistral bet revive Europe's tech dreams
CNBC· 2025-09-12 05:11
Core Insights - The European technology sector is experiencing significant developments, with notable funding rounds and IPOs indicating a potential resurgence in the region's tech capabilities [4][10]. Company Developments - ElevenLabs, an AI startup, announced a secondary share sale that doubled its valuation to $6.6 billion [1]. - ASML confirmed it is leading a €1.7 billion Series C funding round for French AI firm Mistral, which is now valued at €11.7 billion ($13.7 billion), up from €5.8 billion last year [2]. - Klarna, a Swedish fintech firm, debuted on the New York Stock Exchange with shares closing at $45.82, resulting in a market value exceeding $17 billion [3]. Industry Trends - There is a renewed optimism that Europe can develop a competitive tech industry, countering the long-held belief that Silicon Valley is the sole hub for innovation [4]. - Despite previous setbacks, including the impact of the 2022 Ukraine invasion and rising inflation, the European tech ecosystem has shown resilience and potential for growth [6][9]. - The European tech ecosystem is currently valued at $3 trillion, with projections to reach $8 trillion by 2034, highlighting a significant opportunity compared to the U.S. tech sector, which is valued over $20 trillion [12]. Investment Sentiment - Investors are increasingly viewing European tech as a safe haven amid geopolitical risks and macroeconomic uncertainty, with a growing interest in early-stage entrepreneurial ventures [13][14]. - There is a push for increased allocation from pension funds into European venture capital, as the market remains fragmented with varying regulations across countries [15]. Challenges - Systemic challenges persist in scaling European tech firms to the size of their U.S. and Asian counterparts, including the lack of a unified market and complex regulatory environments [15]. - Initiatives like "EU Inc." aim to simplify regulations across EU member states to bolster the tech sector [15].
Jim Cramer Discusses Klarna IPO
Yahoo Finance· 2025-09-12 04:55
Klarna Group plc (NYSE:KLAR) is one of the stocks Jim Cramer talked about. Cramer talked about the stock before its IPO. He said: “The highlight of the week by far is Klarna, a buy now, pay later lending platform. It’s… [been] flirting with going public for years. Frankly, its deal should price Tuesday night. Right now, Klarna is on track to raise between 1.2 and $1.3 billion.” Photo by Roberto Júnior on Unsplash Klarna Group plc (NYSE:KLAR) is a payments technology company that provides advertising, ...