Nio upgraded to Buy from Neutral at Citi 06:03 NIO
Sprout Social assumed with an Overweight at KeyBanc 05:57 SPT KeyBanc analyst Michael Turits assumed coverage of Sprout Social with an Overweight rating and $82 price target. Sprout is a leading software-as-a-service based social media management platform used to publish, monitor, and manage companies' presence on social media, Turits tells investors in a research note. The analyst sees social media management as an "enabler for front office modernization," which he notes has accelerated since Covid-19. This is a nascent market with $2B-$3B current spend, says Turits.
INTRODUCING KLARNA
My Favorite CEO along with Dimon at Chase,
NYSE is making a big push for this.
There’s no doubt that a lot of people will be excited about the prospect of a
Klarna listing on the
London Stock Exchange,but it appears it’s not the only destination on the fintech’s mind.
In an interview with
BloombergSebastian Siemiatkowski,CEO and founder of
Klarna,said that Brexit could create an “amazing opportunity” for London to solidify itself as a world fintech leader.
A spokesperson for the buy-now-pay-later giant said: “In deciding where to list, we are considering a range of factors including the investment culture and appetite for taking a long-term view, the potential for a fair valuation, and the strength of support for the fintech sector which of course is very strong in the UK."
The fintech’s listing is still a while away too, with plans to list still at least one to two years down the line.//////
That is the going line I have heard that the timeline has been greatly moved up.The valuation jumped from $11 Billion in Sept to $31B now-> it's getting too big.
While the UK remains a very viable option for the fintech, the spokesperson emphasised that nothing has been set in stone yet and there are
still other options on the table.
The BNPL fintech has amassed over 90m users worldwide, with more than 14m of those being from here in the UK, meaning that London would be an attractive option for
Klarna.
This news will also surely be music to the government’s ears after a recent push to bring the
London Stock Exchange more on par with its American rivals, the New York Stock Exchange and the NASDAQ.