Prior to the stock exchange listing, Sebastian Siemiatkowski used Klarna shares as collateral for a loan from SEB of 112 million dollars (approximately 1,040 billion kronor), according to the news agency. The money was used to buy out another investor from a holding company that had shares in Klarna, Bloomberg reports, citing an anonymous source.
The value of Siemiatkowski's share of the shares in Klarna has increased by more than 65 million dollars (over 600 million kronor) since the stock exchange listing and the value of the holding now amounts to over 1 billion dollars (9.3 billion kronor) despite the 6.7 percent decline in the course on Thursday.
A spokesperson for Klarna declines to comment on Bloomberg's information to the news agency.
The largest Klarna owners after the stock exchange listing are still the American venture capital company Sequoia Capital, with a voting power of 22 percent, according to documents submitted to the US financial supervisory authority SEC.
Number two is the Danish billionaire Anders Holch Povlsen's holding company Heartland A/S, with 8.9 percent.
Co-founder Victor Jacobsson is said to have 8.8 percent of the votes, according to the documents, while Siemiatkowski's share is 7.4 percent.
