Wall Street Ends Week Higher Amid Inflation Data
The stock market in New York ended the week's last trading day on the green track following important inflation figures. Swedish payment giant Klarna fell back 3.8 percent.
BusinessThe stock market in New York ended the week's last trading day on the green track following important inflation figures. Swedish payment giant Klarna fell back 3.8 percent.
BusinessA large number of stock exchange listings are expected in Stockholm according to the professionals – in the shadow of the payment giant Klarna's New York listing. We have never had as many companies that are ready to take on the stock exchange, says Adam Kostyál, CEO of the Stockholm Stock Exchange.
BusinessWaving with Swedish flags does not mean much to him. But what he calls "Swedishness" is highly valued by payment company Klarna's CEO and co-founder Sebastian Siemiatkowski. It is a huge asset, he says about being a Swedish manager in an international large company.
TechnologyLeading indexes on the New York stock exchange went in different directions when the week's trading was closed.
BusinessKlarna's CEO and co-founder Sebastian Siemiatkowski has mortgaged Klarna shares to take economic control over the holding company K Friends Partners, with shares in Klarna. The Klarna chief's loan of over one billion kronor was taken out in the Swedish major bank SEB, reports Bloomberg.
TechnologyThe leading indexes on Wall Street recorded new records on Thursday. Streaming giant Warner Bros Discovery surged 30 percent after reports of an impending bid from competitor Paramount.
BusinessKlarna was listed on the New York stock exchange on Wednesday. According to the online banks Avanza and Nordnet, there was a great interest among Swedish small investors for the share on the first trading day. Klarna became the most net bought share on Nordnet's entire platform yesterday, says Frida Bratt, savings economist at Nordnet.
TechnologyKlarna's listing on the New York stock exchange can get momentum going for venture capital and tech investments in Sweden, believes the payment company's marketing chief David Sandström. There is so much left to do, reminds the chief operating officer Camilla Giesecke on the listing day.
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