Klarna’s $15B IPO, or a 26x oversubscribed feeding frenzy on Wall St. for Europe's biggest FinTech comeback 👏🤑; Revolut breaks into $40 billion UAE payment market 📲🇦🇪

FinTech is Eating the World, 10 September

Hey Everyone,

Good morning & happy Wednesday! Today, all eyes are on European FinTech champions 💪🇪🇺 We’re going to look into Klarna’s $15 billion IPO, or a 26x oversubscribed feeding frenzy on Wall Street for Europe's biggest FinTech comeback to date (what it’s all about, why it matters & what to expect next + bonus deep dive into Klarna’s IPO filing & why you should be bullish on them), and Revolut that just broke into $40 billion UAE payments market (why this is huge & what it means for the future of Revolut + bonus dives into Revolut’s financial engineering masterclass & more reads inside). So let’s jump straight into the awesome stuff 🌶️

Klarna’s $15B IPO, or a 26x oversubscribed feeding frenzy on Wall St. for Europe's biggest FinTech comeback 👏🤑

The BIG News 🔔 Swedish FinTech pioneer Klarna has successfully priced its initial public offering at $40 per share, achieving a valuation of approximately $15 billion and raising nearly $1.4 billion in proceeds. Not too shabby!

The pricing, which exceeded the marketed range of $35-37 per share, reflects strong investor demand, with the offering being 26 times oversubscribed. Shares are scheduled to begin trading today on the New York Stock Exchange under the ticker symbol KLAR.

Let’s take a look at this, see why it matters, and what to expect next.