Klarna mulls U.S. listing over London due to rules: Sunday Times

(June 6): Klarna Bank AB, Europe’s most valuable startup, will likely choose the U.S. over London for the Swedish fintech company’s blockbuster stock market listing. Klarna was valued at $31 billion in a funding round this March, and the listing is likely in the next year or two. The chief executive had previously said that choosing a London listing would depend on the U.K. government’s post-Brexit financial services regulation. Siemiatkowski denied that he was keeping the option open of listing in London in an attempt to convince the government to weaken regulations, the Sunday Times reported. A review ordered by the chancellor has recommended softening listing rules, such as permitting dual-class share structures in the premium part of the stock market.