Klarna Groups aktie föll på fredagen för första gången under noteringspriset, till 39 dollar.
Nedgången drivs, enligt artikeln nedan, av skärpt konkurrens inom fintech-sektorn samt osäkerhet kring USA:s räntepolitik, dessutom sätter konkurrenterna Stripe och Revolut press.
Shares of peers Affirm Holdings Inc. and Block Inc. were also weak Friday. Like Klarna, the stocks extended at least four-day losing streaks.
The slump also comes after valuations on a string of competitor fintech firms, which have stayed private longer, were reported to rise. Stripe Inc.’s valuation has climbed to $106.7 billion, while Revolut Ltd. is looking to clinch a $75 billion valuation. Even Checkout.com, another European rival, announced on Friday a fresh $12 billion valuation with a tender offer to staff.
https://finance.yahoo.com/news/klarna-sinks-below-ipo-price-200256617.html