Klarna Sells $6.5B Loans to Elliott to Fuel US Expansion
Klarna partners with Elliott Investment Management to sell $6.5B in loans, boosting its US growth strategy while reporting mixed Q3 results as a newly public company.
Klarna partners with Elliott Investment Management to sell $6.5B in loans, boosting its US growth strategy while reporting mixed Q3 results as a newly public company.
Top banks rated Klarna (BNPL leader) highly, seeing massive growth in payments. They target $48–$58, noting it trades at a healthy discount.
Affirm was upgraded to Buy. Rothschild analysts see it as the best long-term investment due to international growth & a strong product set.
Klarna revives NYSE IPO, aiming to raise $1.27B by offering 34.3M shares at $35-$37, valuing the fintech at up to $14B. It will list as "KLAR" after prior delays. Goldman Sachs, JPMorgan & Morgan Stanley are lead underwriters.