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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Four die in Italian horror cable car crash
SummaryFour people have died and one is seriously injured after a cable car crashed near Naples, Italy, at Monte Faito on Thursday. The chairman of the EAV public transport company, Umberto De Gregorio, described the incident as a "tragedy," noting that one of the supporting cables had snapped. Rescue operations faced challenges from fog and high winds, while 16 passengers were safely evacuated from another cabin stuck mid-air, with all three casualties being tourists, as...
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