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Investors Seek UK Startup Shares Amid Frozen IPO Market
Investors are eager for UK startup shares, with $50 million in unfilled orders for Klarna stock and Revolut employees waiting months to cash in over $500 million in holdings. Monzo also has a significant potential order book for its equity, highlighting a growing interest in secondary sales amid a stagnant IPO market.
fintech firms monitor klarna"s ipo for market reopening signals
Fintech unicorns are closely monitoring Klarna"s recent confidential IPO filing in the U.S. for indications of a market recovery, though many, including GoCardless and Airwallex, believe it"s not yet time for their own public offerings. Analysts express cautious optimism about the IPO landscape, suggesting a potential opening in the next couple of years, particularly in the U.S. by 2025, which could lead to increased activity in Europe thereafter.
canva appoints former zoom cfo kelly steckelberg ahead of ipo
Canva has appointed Kelly Steckelberg, former CFO of Zoom, as its new chief financial officer as it prepares for a potential IPO. With a valuation of $32 billion, down from $40 billion in 2021, Canva is generating approximately $2.5 billion in annual revenue and has 220 million monthly users. Steckelberg, who previously held roles at Cisco and Zoosk, replaces Damien Singh, who resigned amid an internal investigation.
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