Chrysalis Investments increased the value of its stake in Klarna, reportedly giving the buy now, pay later (BNPL) provider an implied valuation of around $14.6 billion. The shareholder boosted the value of its stake from 100.3 million pounds (about $130.1 million) in the second quarter...
While this year hasn’t seen an initial public offering (IPO) rebound, the CEO of Nasdaq reportedly isn’t surprised. That’s according to a report Sunday (Oct. 27) by TechCrunch, citing Adena Friedman’s comments at a recent Axios event. She said that while the public markets have...
Three companies in the autonomous vehicle space are raising money for their efforts. Waymo closed an oversubscribed investment round of $5.6 billion, WeRide launched its initial public offering (IPO) and Pony AI filed for an IPO on Nasdaq, according to press releases and report. Waymo...
Klarna is reportedly selling most of its British buy now, pay later (BNPL) loans. The deal with American hedge fund Elliott will free up as much as $39 billion for new loans, the Financial Times reported Wednesday (Oct. 16), citing sources familiar with the matter. It comes as Klarna is...
September 15, 2023
FinTech platforms promise to disrupt entire verticals, bringing ease and speed to sectors that have traditionally been marked by complexity and paper-based interactions. And yet the reality can be something else entirely. Sometimes the disruptors get disrupted — certainly, their stock prices have been battered — and may find themselves mulling a reset. Pushing for […]
June 16, 2023
Government data pointing to cooling inflation helped buoy FinTech IPO names this past week. Retail sales data Thursday (June 15) showed that consumer spending remains resilient, which helped give the...
March 27, 2023
The CE 100 Index gained 1.2% last week as investors got excited — again — about AI, and the possibility of sustained profits for in the buy now, pay later...
March 09, 2023
For Uber, what comes next for Freight is freighted with questions. To that end, as reported this week, Uber is mulling a few scenarios. The options that are under consideration:...
November 03, 2024
Mexican FinTech Klar is reportedly aiming to go public at the end of 2026. Juan Sarmiento, the company’s vice president of finance, told Bloomberg News Saturday (Nov. 2) that Klar is eyeing annual run rate of $500 million as a target for its initial public offering (IPO), projecting that it will hit that number in […]
October 28, 2024
Chrysalis Investments increased the value of its stake in Klarna, reportedly giving the buy now, pay later (BNPL) provider an implied valuation of around $14.6 billion. The shareholder boosted the...
October 27, 2024
While this year hasn’t seen an initial public offering (IPO) rebound, the CEO of Nasdaq reportedly isn’t surprised. That’s according to a report Sunday (Oct. 27) by TechCrunch, citing Adena...
October 25, 2024
Three companies in the autonomous vehicle space are raising money for their efforts. Waymo closed an oversubscribed investment round of $5.6 billion, WeRide launched its initial public offering (IPO) and...
