Western credit culture often encourages consumers to buy now and pay later. But in China, it’s usually the reverse: https://t.co/le2fMkmK1j https://t.co/tn2hm0BZWs ...

Today we saw one of the largest IPOs of the year when CLA the buy now pay later outfit came public raising nearly $1.4% billion. This is the biggest deal of the biggest week for IPOs in four years and it came public with a bang shooting up 30% at the open before pulling back a bit. So I want to take a real closer look at that.I know you're interested in it. First and basics. I called Clara a buy now pay later company like a firm holdings my real favorite in the group but it's a little more complicated than ...

Online lender Cloner priced its IPO at $40 a share that was above the expected range. The deal values the Swedish fintech company at roughly $15 billion. The stock is set to begin trading today on the New York Stock Exchange.Its ticker KL CEO Sebastian Simatowski uh joins us right here for a CNBC first on CNBC interview. Um congratulations. Thank you.Uh nice to have you. been on many times but the first uh first appearance as a public company you know we continue to describe you as many others do buy now pa ...

Core Viewpoint - The company is expected to have substantial demand for its IPO, with a pricing set above the offered range at $40, indicating investor interest in unprofitable tech firms within the fintech ecosystem [1] Company Growth and Profitability - The company has shown five consecutive quarters of profitability and is anticipated to continue this trend with more positive cash flow and profitability in upcoming quarters [2] - The company is pivoting towards becoming a retail bank, which is expected to be well understood by investors [3][4] Market Position and Expansion - The tools provided by the company are enabling consumers to manage cash flows better, which is positively received, and the company is expected to expand its banking franchise into the U.S. and U.K. markets [4] - The company is currently operating in 26 countries and is expected to continue its growth trajectory [9] IPO Context and Underwriting - The company had previously delayed its IPO due to uncertainties related to tariffs but is now moving forward with strong underwriters, including Goldman Sachs, JP Morgan, and Morgan Stanley [5][7] - The listing in New York is strategic, as it is the largest market for the company [8] Market Performance and Investor Sentiment - There is a noted trend of profit-taking after stocks rise, particularly among fintech-related companies, but the absence of tariffs on financial services presents a favorable opportunity for the company [9] - Long-term investors express confidence in the company's competitive position and are likely to increase their holdings if stock prices remain low [10]

Buy now pay later company Clara pricing its IPO at $40 a share above its expected range values the Swedish company at about $15 billion. This comes as recent IPOs like Figma and Bullish are significantly higher but well off their highs despite the initial demand. Joining us now Matthew Kennedy, senior strategist at Renaissance Capital 40.Um let's just cut to the chase. What what what would surprise you. Would would 60 surprise you or or are you expecting a more muted uh debut.Yeah, I mean you can never real ...

Core Insights - Amazon's Prime Day event this year was the largest in its history, with record sales and savings during a newly expanded four-day period [2][4] - The event saw significant online spending growth, with U.S. retailers experiencing a 30% increase, amounting to $24.1 billion during the four days [4][5] - The average household expenditure during Prime Day reached $156.37, with a notable increase in mobile device transactions [6][7] Sales Performance - Amazon reported that this year's Prime Day event surpassed any previous four-day period that included a Prime Day, indicating strong consumer engagement [2] - Adobe Analytics noted that online spending during the event exceeded earlier projections, highlighting the effectiveness of AI in driving traffic and sales [5] Consumer Behavior - The average order size during Prime Day was $53.34, with two-thirds of households making multiple purchases [6] - A significant portion of items sold were priced under $20, with apparel, household essentials, and home goods being the leading categories [6] - Over half of shoppers took advantage of discounts on items they had been waiting to purchase [6] Payment Trends - There was a notable shift in payment methods, with more than half of the sales on the first day occurring via mobile devices, reflecting changing consumer habits [7] - Buy now, pay later (BNPL) orders increased by 13.6% year over year during the Prime Day event, indicating a growing trend in flexible payment options [8]