Funding & Business
Klarna Shares Climb 30% in Trading Debut After $1.37B IPO
Bloomberg’s Bailey Lipschultz breaks down the first hours of trading for payments company Klarna, which allows users to buy goods and pay in installments.
The company’s IPO jumped 30% in its trading debut. (Source: Bloomberg)
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Trafigura Group’s recent investments in refineries and distribution assets have helped support its oil business, even as rivals saw their profitability slide, according to the trader’s head of oil, Ben Luckock.
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Singapore plans to unveil details of a “value unlock” package later this year, as the government takes further action to boost interest in its stock market.
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Julio Callegari of JPMorgan Asset Management says stocks and bonds can continue to rally “for a while” due to the “Goldilocks” environment. Callegari discusses the market outlook on Bloomberg Television. (Source: Bloomberg)
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