Funding & Business
Klarna’s $14 Billion Valuation Draws Out FinTech Bargain Hunters
Investors are snapping up orders for Klarna Group Plc shares ahead of its much-anticipated pricing debut late Tuesday. Part of the appeal: the buy-now-pay-later lender’s implied market valuation is currently about a 50% discount to rival Affirm Holdings Inc.
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Australia’s strategic outlook is darkening because of intensifying great-power rivalry between the US and China, according to a senior government official.
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Hellman & Friedman-backed alarm firm Verisure Plc announced it’s planning to raise about €3.1 billion ($3.7 billion) via an initial public offering in Stockholm, a highly anticipated listing that could be Europe’s largest such deal in three years.
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Senegal’s eurobonds are posting the weakest returns in Africa this month as investors pull back after a brief rally while they await the outcome of an International Monetary Fund inquiry into the underreporting of the West African country’s debt.
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