Klarna, a Swedish provider of buy now, pay later loans, filed for an IPO on the New York Stock Exchange under ticker symbol KLAR, with no details yet on the number of shares or price range. The decision to go public in the U.S. deals a blow to European stock exchanges, with Klarna aiming to rebuild after a valuation drop to $6.7 billion, now estimated at around $15 billion, fueled by a return to profitability in 2023. Market volatility may impact Klarna’s plans, as tech companies continue to seek IPO opportunities amid a slow period for new offerings in the U.S.
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Draft List for New Travel Ban Proposes Trump Target 43 Countries
The Trump administration is considering implementing a new travel ban targeting citizens from as many as 43 countries, including a "red" list of 11 countries like Afghanistan, Iran, and Venezuela to be outright barred from entering the United States. Additionally, an "orange" list of 10 countries would face travel restrictions with mandatory in-person interviews for visa applicants, such as Belarus and Pakistan. The State Department has been tasked with identifying countries with deficient vetting information,...
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