Klarna lines up banks for long-planned US listing

Quick Summary:

Earlier this year Klarna was at the centre of a boardroom conflict involving top investor Sequoia Capital.

Klarna was regularly profitable until 2019, when it decided it would accept some credit losses in order to pursue its US growth plans.

The company, which has embarked on a costly expansion plan, posted its fifth straight annual loss last year.

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Article Details

Author / Journalist: Akila Quinio

Category: MarketsFinanceInvesting

Markets: United StatesJapan

Topics: Year Company Fintech Last People Made Financial Been Market Group Klarna

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 21:50:01 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 529 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 21656956

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

Headquarters: United States

News Last Updated: 15 hours ago

Coverage Areas: United States

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Publisher ID: #3

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