Klarna’s US listing is a sad reflection of Europe’s failings

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Financial Times 11h ago

Klarna’s US listing is a sad reflection of Europe’s failings - Financial Times

Quick Summary:

But just five of the 30 leading companies listed in Stockholm were started since 1970, a figure higher than some other European exchanges, yet well below the roughly half for the S&P 500 in the US.

But the biggest investors and venture capital funds were in the US, and over time that pull of its markets became irresistible.

The back story of co-founder and chief executive Sebastian Siemiatkowski also speaks to the strengths of, if not Europe, then Sweden.