Klarna Investors Push for More Control in Post-IPO Structure
- Current shareholders would have more say over company matters
- Some governance experts have opposed the dual-class structure
The Klarna headquarters in Stockholm.
Photographer: Erika Gerdemark/BloombergThis article is for subscribers only.
Klarna Bank AB’s largest shareholders have asked the company to consider creating a special class of shares that would hand early investors more control over company decisions after its public debut.
If the proposal passes, then current shareholders, a list that includes the likes of Chief Executive Officer Sebastian Siemiatkowski and Sequoia Capital, would be given shares that carry greater rights than common shares, according to people familiar with the matter.