Klarna CEO says market volatility has him ‘nervous’ about an IPO

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LONDON — Klarna will likely wait for volatility in the stock market to settle before solidifying plans for an initial public offering, CEO Sebastian Siemiatkowski has told CNBC."The volatility in the market right now makes me nervous to IPO to be honest," Siemiatkowski told CNBC's Karen Tso at the London Tech Week conference on Monday. "I think it would be nice to IPO when it's a little bit more sound. And right now it doesn't feel really sound out there."Klarna is one of the largest players in the burgeoning buy now, pay later market. BNPL providers have flourished during the coronavirus pandemic by letting consumers split their purchases into three or four monthly instalments, typically without charging interest.According to a report from Worldpay, the payment processor owned by FIS, BNPL accounted for 2.1% — or about $97 billion — of all global e-commerce transactions in 2020. The industry's share of the e-commerce market is expected to double to 4.2% by 2024, Worldpa
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