Nium is reportedly the latest company holding off on plans to go public. Prajit Nanu, CEO of the Singapore-based payments firm, told Bloomberg News in an interview late Sunday (Sept. 8) that Nium will instead focus on bolstering its workforce and expanding revenues, with an...
The just-completed shortened trading week heralds the beginning of Fall, and September’s here. September stands out as the month that will herald the first rate cut by the Federal Reserve after years of hiking interest rates. At least, that’s what the conventional wisdom says. For...
Swedish buy now, pay later (BNPL) provider Klarna is reportedly experiencing a boardroom conflict as it prepares for its initial public offering (IPO). The company’s board is considering removing board member Mikael Walther, who is an eight-year member of the board and a confidante of...
There’s a chorus growing among companies that want to go public: Wait until next year. The 2024 initial public offering (IPO) market rebound that bankers and executives hoped for hasn’t been realized, leaving them to hold out hope for 2025, The Wall Street Journal reported...
Klarna saw revenues climb in the first half of 2024 amid preparations to go public. The Swedish buy now, pay later (BNPL) provider released half-year earnings Tuesday (Aug. 27) showing revenues increasing 27%, while adjusted profits increased to $66 million, compared to an adjusted loss...
Indian food delivery company Swiggy is reportedly planning to launch one of the country’s biggest initial public offerings (IPOs) of the year. The company aims to raise $1 billion to $1.2 billion at a valuation of around $15 billion, Reuters reported Friday (Aug. 23), citing unnamed sources. Swiggy said...
The British treasury wants London-based FinTech Revolut to go public in its home country. That’s according to a report Friday (Aug. 16) by the Financial Times (FT), which says the treasury plans to play up the London market’s appeal in discussions with Revolut, now the...
Klarna is reportedly ready to tap Goldman Sachs to help it go public next year. The Swedish buy now, pay later (BNPL) company is in deliberations with the banking giant to help lead its initial public offering (IPO), Bloomberg reported late Wednesday (Aug. 14), citing...
Klarna is reportedly gauging investors’ interest in buying up the company’s existing shares on the secondary market. The Sweden-based FinTech is doing so as it prepares for a potential public listing in the United States, Bloomberg reported Tuesday (Aug. 6), citing an unnamed source. Reached...