Looser regulations might be leading Swedish buy-now-pay-later firm Klarna to choose the US over the UK to host its IPO.
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Shareholders of Klarna ousted a board member closely affiliated with one of its feuding founders in advance of its IPO.
Klarna, which is planning a US public debut as soon as early 2025, announced stellar first-half results for 2024.
Victor Jacobsson has been buying shares through special purpose vehicles as its top VC sponsor debates the impact.
Many people are using buy now, pay later (BNPL) options to circumvent more rigid aspects of credit cards, The Wall Street Journal reported.